Binance Asks ArbitrumDAO to Release Frozen ETH and ARB
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Binance has submitted a draft proposal to ArbitrumDAO seeking the release of frozen ETH and ARB tokens tied to the exchange. The recovered assets would be used to replenish reserves Binance drew on to cover customer losses. The exchange expects the governance process to take at least seven weeks. The request matters because it tests ArbitrumDAO's ability to return seized or frozen funds through decentralized governance rather than a centralized decision. What to watch next is whether ARB holders advance the draft to a vote and how the seven-week timeline affects when Binance can restore the reserves.
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