FeesSafety
Pluang+

Arbitrum Security Council freezes $30M+ in crypto linked to Binance hack via emergency contract upgrade

Market News
03 Nov 2026, 12:48 WIB
Crypto news
View Source
Neutral
Arbitrum Security Council freezes $30M+ in crypto linked to Binance hack via emergency contract upgrade

Arbitrum's Security Council used an emergency contract upgrade to freeze 8,425 ETH and 74.56 million ARB tokens linked to the Binance hack, moving them to a holding address requiring a DAO vote for further transfer. This intervention, done without the attacker's private key, highlights Arbitrum's governance power to act swiftly in security emergencies. While the freeze prevents the attacker from moving the assets, deciding their final destination and return to Binance or other parties depends on a separate governance process. This approach mirrors a previous recovery after the KelpDAO exploit, emphasizing the distinction between freezing stolen assets and their eventual restitution.

As of Nov 03, 2026 18:01 WIB, ARB (Arbitrum) trades at Rp2.835 on Pluang, down 2.11% in the last day. The token's market cap stands at Rp19,52 trillion with a 24-hour trading volume of Rp1,67 trillion. Pluang users show a balanced interest with 58% buying and 42% selling activity, reflecting ongoing engagement despite recent governance actions. The circulating supply is 6.9 billion ARB, representing 69% of the total 10 billion tokens.

More News (ARB)

Arbitrum (ARB) token falls 3.24%, trading below key 20- and 50-day moving averages.

Arbitrum (ARB) token falls 3.24%, trading below key 20- and 50-day moving averages.

Arbitrum's governance token ARB traded at $0.1545, down 3.24% in the past 24 hours as of early Nov. 3. The price fell below its 20-day and 50-day simple moving averages, which were $0.1740 and $0.1898 respectively, indicating recent downward momentum...

Technical Signals
Bearish
6 hours ago
Arbitrum freezes $30M in tokens amid price drop and decentralization debate

Arbitrum freezes $30M in tokens amid price drop and decentralization debate

Arbitrum's Security Council froze $30 million worth of Ethereum and ARB tokens linked to a Binance exploit, sparking debate about the network's decentralization. The freeze followed a market-wide sell-off that pushed ARB prices down 4.5%, with techni...

Market News
Bearish
7 hours ago
Arbitrum's perpetual DEXs see $76.3B volume amid ARB token price drop of 16.9% in recent weeks

Arbitrum's perpetual DEXs see $76.3B volume amid ARB token price drop of 16.9% in recent weeks

Arbitrum's perpetual decentralized exchanges recorded $76.3 billion in 30-day notional trading volume, placing it between Hyperliquid and zkLighter in volume. Despite high trading activity, the ARB governance token price fell 16.9% from Oct. 19 to No...

Market News
Neutral
17 hours ago
Arbitrum's price struggles despite strong chain activity and high perpetual futures volume.

Arbitrum's price struggles despite strong chain activity and high perpetual futures volume.

Arbitrum (ARB) saw its price hover around $0.16 after a 3% drop in 24 hours, even as its blockchain activity grew significantly. It became the second-largest chain for perpetual futures trading with over $79.6 billion in monthly volume and led stable...

Technical Signals
Bearish
21 hours ago
Aave freezes reserves after Binance wallet exploits $44.6M in wrapped Ether borrowing

Aave freezes reserves after Binance wallet exploits $44.6M in wrapped Ether borrowing

Aave froze reserves on multiple V3 and V4 networks after a wallet linked to the Binance hot-wallet exploit borrowed nearly $44.6 million in wrapped Ether (WETH). The wallet had initially supplied $60 million in Tether (USDT) before borrowing. Users w...

Market News
Bearish
4 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App