Highlight Clip Arbitrum SC Member: Why We Used Emergency Powers to Freeze $72M Linked to North Korean Hackers In an April 23 Coinage interview, Arbitrum Security Council member Griff Green explained using emergency powers to freeze $72 million controlled by North Korean hackers.
Highlight Clip Arbitrum SC Member: Why We Used Emergency Powers to Freeze $72M Linked to North Korean Hackers In an April 23 Coinage interview, Arbitrum Security Council member Griff Green explained using emergency powers to freeze $72 million controlled by North Korean hackers. He noted that while doing nothing posed no risk to the council, the existential threat to DeFi demanded action.
The funds lingering in a Layer 2 address provided a window to coordinate with SEAL 911, triggering the first-ever 9-of-12 multi-sig emergency execution to transfer and freeze the assets. Addressing concerns about a few individuals intervening on-chain, Green stated that true checks and balances ultimately come from the market and token holders. — link