Binance Seeks ArbitrumDAO Vote to Return Frozen 8,426 Ether and 74.56 Million ARB

Binance is pursuing a formal constitutional governance proposal with ArbitrumDAO to recover 8,425.997 Ether and roughly 74.56 million Arbitrum tokens immobilized after a hot-wallet compromise. Arbitrum's Security Council initially froze the stolen funds in late October through an emergency contract upgrade. The multi-stage approval process spans forum review, a Snapshot temperature check, an on-chain vote, and an execution delay, totaling an estimated 49 days. Binance committed to uncapped indemnity agreements for Arbitrum entities and confirmed user losses are backed by its SAFU fund and corporate treasury.