Binance Hack Investigation | Update 1
Arbitrum has intervened to freeze stolen funds linked to the Binance hack.
On 30 October 2026, the Arbitrum Security Council executed an emergency action to secure:
- 74,559,805.2 ARB
- Approximately 8,425 ETH
The assets were transferred from an address linked to the exploit into a designated holding address.
Frozen wallet:
`0x0000000000000000000000000000000000000DA0`
What makes this particularly interesting is HOW the funds were frozen.
The Security Council temporarily upgraded Arbitrum's Inbox contract, used a special function to execute transactions on behalf of the attacker-linked address, transferred the funds, and restored the original implementation.
The assets are now held pending governance action.
This raises an important question: Under what circumstances should blockchain governance have the power to forcibly move assets without the holder's signature?
Evidence:
https://forum.arbitrum.foundation/t/security-council-emergency-action-30-10-2026/31625
Frozen wallet:
https://arbiscan.io/address/0x0000000000000000000000000000000000000DA0
Arbitrum has intervened to freeze stolen funds linked to the Binance hack.
On 30 October 2026, the Arbitrum Security Council executed an emergency action to secure:
- 74,559,805.2 ARB
- Approximately 8,425 ETH
The assets were transferred from an address linked to the exploit into a designated holding address.
Frozen wallet:
`0x0000000000000000000000000000000000000DA0`
What makes this particularly interesting is HOW the funds were frozen.
The Security Council temporarily upgraded Arbitrum's Inbox contract, used a special function to execute transactions on behalf of the attacker-linked address, transferred the funds, and restored the original implementation.
The assets are now held pending governance action.
This raises an important question: Under what circumstances should blockchain governance have the power to forcibly move assets without the holder's signature?
Evidence:
https://forum.arbitrum.foundation/t/security-council-emergency-action-30-10-2026/31625
Frozen wallet:
https://arbiscan.io/address/0x0000000000000000000000000000000000000DA0