Binance proposed that ArbitrumDAO return the frozen ETH and ARB

According to The Defiant, Binance has submitted a constitutional amendment proposal draft to ArbitrumDAO, requesting the return of 8425.997 ETH and approximately 74.56 million ARB that were frozen after an attack on its hot wallet.

The related assets are currently still in a frozen state and have not been returned to Binance. The proposal is in the forum discussion stage and will need to go through a Snapshot intention vote and an on-chain vote; Binance expects the entire governance process to take about seven weeks or longer.

Binance stated that it will cover the losses of affected users through the SAFU fund and company reserves, and the returned assets can be used to cover event-related losses and costs, including replenishing reserves that have already been used for compensation. The proposal does not request additional allocations from the DAO treasury.