Arbitrum’s Security Council Can Move a Wallet’s Funds Without Its Key, Binance Freeze Shows

Unchained Mon, 02 Nov 2026 21:33:47 GMT ETH Bearish

Arbitrum's Security Council moved about 74.56 million ARB and roughly 8,426 ETH from an address tied to the Binance exploit, without needing that address's private key. The council had done a similar move in April, which was described as a design feature. Traders should note the centralized override power over frozen funds, which raises questions about custody and decentralization on Arbitrum.

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