arbitrum Security Committee Launches Emergency Rescue for Stolen Funds
2026-10-30 08:27:31
According to CoinMeta, Wu said that the arbitrum Security Committee announced that it had taken emergency action to rescue 74,559,805 ARB and 8,425 ETH held in addresses related to the Binance theft incident on arbitrum and one. The Security Committee took action after weighing its commitments to the security and integrity of the arbitrum community and governance, and no arbitrum users or applications were affected. After thorough technical due diligence and deliberation, the Security Committee determined and implemented a technical approach to transfer the funds to a secure location without affecting the status of any other chains or other arbitrum users. As of October 30, 2026, the funds have been successfully transferred to an intermediate frozen wallet. The funds are no longer accessible from the original holding addresses and can only be moved through further actions by the Security Committee or through governance votes by arbitrum and DAO. Relevant operations will be carried out in coordination with the relevant parties.
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