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Yi He said Arbitrum Security Council has executed a transaction freezing about $30.5 million in related assets

On October 30, 2026, Binance co-founder Yi He posted on X that the Arbitrum Security Council had executed a transaction freezing about $30.5 million in assets related to the Binance exploit. She thanked the other signers for participating.

The official Arbitrum account posted the same day confirming that the Security Council took emergency action and transferred 74,559,805 ARB and 8,425 ETH held in addresses related to the Binance exploit on Arbitrum One to an intermediate frozen wallet. The funds can no longer be accessed from the original addresses and can only be moved through further action by the Security Council or an Arbitrum DAO governance vote. The official account said this move did not affect other Arbitrum users or applications.

Yi He also posted the same day that user funds are safe and that Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended, and the team is conducting security checks, freezing funds, and cooperating with law enforcement agencies. Binance also confirmed that it will cover all losses and said this is an industry-wide collaborative effort. Previously, Binance had said that the currently verified total frozen amount is $2.54 billion and may continue to increase.

Original sources:

  1. Title: Arbitrum Security Council has executed a transaction to freeze ~$30.5M from the Binance Exploit. Publisher: Yi He (@heyibinance) Publication date: 2026-10-30 URL: https://x.com/heyibinance/status/2115962957880602653 Source type: company-related person’s original post Verification status: full post read in this review, verification date 2026-10-29 Supporting content: Yi He said that the Arbitrum Security Council has frozen about $30.5 million in related assets

  2. Title: The Arbitrum Security Council has taken emergency action to rescue the 74,559,805 ARB and 8,425 ETH... Publisher: Arbitrum (@arbitrum) Publication date: 2026-10-30 URL: https://x.com/arbitrum/status/2115961730920841644 Source type: official announcement Verification status: full post read in this review, verification date 2026-10-29 Supporting content: The Security Council transferred the ARB and ETH in the related addresses to an intermediate frozen wallet

  3. Title: User funds are safe. Binance will cover all hacking losses. Publisher: Yi He (@heyibinance) Publication date: 2026-10-30 URL: https://x.com/heyibinance/status/2115958049244631357 Source type: company-related person’s original post Verification status: related content read in this review, verification date 2026-10-29 Supporting content: Yi He said Binance will cover all losses, and deposits and withdrawals are temporarily suspended

ABAB AI Insight

The Arbitrum Security Council’s action targeted the ARB and ETH in specific addresses, transferring them to an intermediate frozen wallet through an emergency mechanism rather than through a token issuer blacklist. This mechanism falls within the L2 governance and Security Council’s authority and is at a different level from freezes of stablecoins by Tether, Circle and others. The transferred funds require further action by the Security Council or a DAO governance vote before they can be moved.

In terms of the capital path, the related assets on Arbitrum have been isolated, reducing the possibility of further transfers on that chain. Yi He and Binance’s official account both stated that they will cover all hacking losses and temporarily suspend deposits and withdrawals. This statement is the company’s commitment to users’ funds and is independent of the on-chain freezing operation. The previously verified total frozen amount was $2.54 billion, and this Arbitrum action added to the locked scale on a specific chain.

Unlike directly locking tokens through an issuer blacklist, the Security Council’s transfer operation depends on L2 emergency authority. The indicators to watch are the subsequent status of the relevant intermediate wallet and whether the Arbitrum DAO votes on how the funds should be handled.

ABAB News · Cognitive Law

  1. An L2 Security Council can transfer assets from specific addresses to a frozen wallet through an emergency mechanism, and this authority is independent of a token issuer blacklist.

  2. An exchange’s commitment to cover user losses and the locking of on-chain assets are operations at different levels.