Binance proposes that ArbitrumDAO return the frozen ETH and ARB.
Original headlineBinance 提议 ArbitrumDAO 返还被冻结的 ETH 和 ARB
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Binance has submitted a draft constitutional amendment to ArbitrumDAO seeking the return of 8,425.997 ETH and roughly 74.56 million ARB tokens frozen after an attack on its hot wallet. The assets remain frozen and have not yet been returned to the exchange. The proposal is in forum discussion and must still pass a Snapshot sentiment vote and an on-chain vote, with Binance estimating the governance process will take about seven weeks or longer. Binance said it covered affected users' losses through its SAFU fund and corporate reserves, and that the returned assets would offset incident-related losses and costs, including replenishing reserves used for compensation. The proposal does not request any new allocation from the DAO treasury.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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