Binance asks Arbitrum governance to release frozen ETH and ARB

A proposal posted by Binance on 5 November asks ArbitrumDAO to return 8,425.997 ETH and 74,559,805.2 ARB frozen after the October hot-wallet exploit. It starts a governance process; it does not establish that the assets have been released.

The proposal says the Security Council immobilised the assets on 29 October. Binance seeks their return to a designated recovery address and says recovered funds would address incident-related losses and costs, including replenishing SAFU or treasury reserves already used to cover customers.

The suggested process includes forum discussion, a temperature check, an onchain vote and execution delays. Binance estimates approximately 49 days, with a longer wait possible if legal restrictions must be resolved. The proposal says an applicable restraining order or other prohibiting legal process would block onchain submission and delivery until appropriately lifted or changed.

No new DAO treasury allocation is requested. This is a substantive recovery step after the freeze, but approval, legal clearance and execution remain separate milestones. Readers affected by the incident should not interpret the proposed timetable as a guaranteed repayment date.