4 hours ago
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Key Takeaways
- Binance seeks 8,426 ETH and 74.6M ARB.
- Frozen coins: under 1% of $6.3B stolen.
- Binance reports 98% of stolen assets replenished.
- April’s Kelp release drew a court restraining notice.
In a constitutional proposal posted on the Arbitrum governance forum on November 5, Binance asks token holders to release about 8,426 ETH and 74.6 million ARB to its recovery address. The exchange expects the process to take around 49 days and warns it could run longer if legal action against the assets has to be resolved first. Nothing has been approved yet. The next step on Binance’s schedule is a Snapshot temperature check after a week of forum discussion.
A Small Slice of a $6.3 Billion Theft
The coins come from the October 29 attack on Binance’s hot wallets, which the exchange put at roughly $6.3 billion, the largest crypto theft on re...
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