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Arbitrum’s council moved $30 million of Binance hack funds without the hacker’s key

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CoinDesk
By Shaurya Malwa
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Arbitrum’s council moved $30 million of Binance hack funds without the hacker’s key
Photo / Coverage: CoinDeskCredit: Shaurya Malwa
EXECUTIVE SUMMARY

A 12-person committee briefly rewrote one of Arbitrum’s core contracts to spend from an address it held no key for, then put the code back. It’s the second time this year.

Key Takeaways

  • Arbitrum’s council moved $30 million of Binance hack funds without the hacker’s key.
  • A 12-person committee briefly rewrote one of Arbitrum’s core contracts to spend from an address it held no key for, then put the code back.
  • It’s the second time this year.

A 12-person committee briefly rewrote one of Arbitrum’s core contracts to spend from an address it held no key for, then put the code back. It’s the second time this year.

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