Arbitrum Council Moves $30M in Binance Hack Funds
Arbitrum moved 8,425 ETH and 74.56 million ARB tied to Binance’s hack into a frozen wallet, where only an ArbitrumDAO vote can authorize their release.
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Markets, protocols and policy, reported
Arbitrum moved 8,425 ETH and 74.56 million ARB tied to Binance’s hack into a frozen wallet, where only an ArbitrumDAO vote can authorize their release.
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Binance is restoring withdrawals in stages after its $6.3 billion hack, with more assets scheduled to reopen as the exchange checks each network.
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The FBI says North Korea’s TraderTraitor stole more than $6 billion from Binance on Oct. 29 and urges crypto firms to block wallets as laundering shifts to ether.
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Binance says it will restart withdrawals in phases on Nov. 1 after a $6.3 billion security incident, with major networks first and more assets to follow.
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Binance says a security breach had an estimated $6.3 billion impact, with about $3 billion frozen; deposits and withdrawals were suspended during its investigation.
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Binance says hackers stole about $6.3 billion from its hot wallets, while analysts suspect a North Korean group and the exchange works to recover funds.
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Coinbase added Ripple’s RLUSD across retail and institutional platforms, giving customers access to the dollar stablecoin on three networks at launch.
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