Arbitrum Council Moved Binance-Linked Funds Without the Wallet’s Key

Arbitrum’s Security Council moved funds from a wallet it identified as tied to the Binance exploit without its private key, showing how the network’s upgrade controls can bypass a wallet signature. The move took place at 8:08 p.m. ET Oct. 29 (12:08 a.m. UTC Oct. 30). The council transferred 74,559,805.2 Arbitrum (ARB) and about 8,426 Ether (ETH) to a temporary holding address ending in 0DA0. The council’s 9-of-12 Safe called Ethereum’s L1 UpgradeExecutor. The executor briefly redirected the Inbox proxy to an override implementation that let Arbitrum One process messages as if they came from the targeted wallet.

Also reported by Unchained.

Source: TokenPost