Binance has filed a constitutional improvement proposal on the Arbitrum forum seeking the return of 8,425.997 ETH and 74.56m ARB frozen after an attack on its hot wallet. Binance expects the governance process to take about seven weeks or more, and says it will cover user losses through its SAFU fund and corporate treasury.
The story so far: South Korea FSC response to Binance hack
After a $6.3bn theft at Binance on 29 October, which the FBI attributed to North Korean hackers, CZ backed a crypto security alliance to share audits and coordinate asset freezes. The US State Department now urges joint government action and full UN sanctions enforcement on Pyongyang. Blockaid researchers said…
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Binance asks Arbitrum governance to return frozen ETH and ARB
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