Hacking News
Arbitrum Security Council Moves Funds After Hack
Arbitrum's security council moved $30 million from a wallet linked to a recent hack without the attacker's private key. The council, consisting of twelve elected token holders, temporarily rewrote a core contract to send transactions as if they came from the attacker's address, then restored the original code. The funds now sit in a governance vote that can move them. This is the second recovery mechanism to surface in a week, with stablecoin issuers freezing $3 billion to blacklist addresses. Bitcoin fell to $76,871 and the Fear and Greed index dropped to 34, its first reading in fear territory since July, with only one of 25 sectors positive this week. US congressional elections are today, and nothing in the material constitutes investment or financial advice.