👀 Decentralization, they said — Arbitrum managed to seize 8,426 ETH and 74.6 million ARB from a Binance hacker’s wallet without even knowing his private key.
The Security Council simply used the network’s special powers to transfer the assets without the owner's signature.
The hacker was stopped, but the incident also exposed an important reality: on some L2 networks, even having the private key does not guarantee full control over your crypto.
#Arbitrum
The Security Council simply used the network’s special powers to transfer the assets without the owner's signature.
The hacker was stopped, but the incident also exposed an important reality: on some L2 networks, even having the private key does not guarantee full control over your crypto.
#Arbitrum
