Arbitrum's Security Council froze over 8,400 ETH and 74.5 million ARB tokens on October 30 after tracing them to an address connected with the Binance exploit. The emergency action used a temporary contract upgrade and affected no other accounts. Binance requested the funds back on November 5, triggering a governance process expected to last seven weeks.
The layer-2 network also launched Paxos' Global Dollar stablecoin on October 6 and opened a rewards program offering 2 million ARB tokens to protocols adopting USDG. Meanwhile, Robinhood Chain, which runs on Arbitrum infrastructure, surpassed $1 billion in locked value. ARB traded at $0.1674, up nearly 7 percent in 24 hours.
Read the full story on BSC News: Arbitrum (ARB) Freezes Binance Exploit Funds as USDG Rollout and Robinhood Chain Growth Continue
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