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#Layer 2 security

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Arbitrum Council Moves $30M in Binance Hack Funds Without Hacker’s Key
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Arbitrum Council Moves $30M in Binance Hack Funds Without Hacker’s Key

Key Highlights: The Arbitrum Security Council executed transactions to recover compromised ARB and Ether, transferring the assets into a secure holding address ending in 0DA0. Security firm Zealynx revealed that the intervention utilized administrative upgrade authority via type 0x65 transactions featuring blank signature fields. The seized assets remain locked and cannot be distributed without an ...

Weekend Hack Hits Cryptocurrency Market as Large Amount of Assets Stolen
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Weekend Hack Hits Cryptocurrency Market as Large Amount of Assets Stolen

Key Highlights: A suspected security incident on the Base network led to the theft of an estimated $6 million in digital assets. Exploiters drained 1,783,067 aBaswstETH across six separate transactions targeting an unidentified vault. The breach highlights ongoing security vulnerabilities surrounding decentralized finance vaults and wrapped liquid staking tokens on Layer-2 ecosystems. Security Breach Drains ...