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Arbitrum's Council Moved $30M Binance Hack Funds by Temporarily Rewriting Core Contract Without Hacker's Key
Arbitrum's Security Council moved over $30 million in ETH and ARB, tied to the Binance exploit, from an address last Friday without the hacker's private key. This was achieved by temporarily swapping the code of Arbitrum’s Inbox contract to enable transactions from the exploiter's address. This marks the second time this year the council has used such emergency powers, raising questions about the network's decentralization.
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