Arbitrum’s Security Council froze 8,425 ETH and 74.555 million ARB, worth $30 million combined, after they were identified in the address linked to the Binance hack. The emergency operation transferred the funds through a new Inbox contract function designed to mimic a cross-chain transaction and impersonate the sender. No other users or applications were affected, but the intervention revived debate about Arbitrum’s decentralization. ARB fell 4.5% over 24 hours amid a broader market sell-off and Bitcoin dropping below $77,000. In the short term, technical indicators point to further declines toward $0.141 and $0.131, although holding above $0.11 would preserve long-term investors’ bullish outlook.
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