Binance Seeks DAO Approval to Unlock Frozen ETH and ARB
Binance has asked Arbitrum’s DAO to authorize the release of assets frozen following the exchange’s security incident.
Binance has asked Arbitrum’s DAO to authorize the release of assets frozen following the exchange’s security incident. Ethereum (ETH) is trading at ₹2,11,014 ($2,230.12), down 0.5% since this brief published. This is an original Token Times brief synthesising 2 outlets (Crypto Economy, Crypto.news), plus live market data, as of Thu, 05 Nov 2026 22:00:01 UTC.
The proposal could redirect assets already held in a frozen Arbitrum address toward covering exchange losses and incident-related costs. Because the assets remain governed by the DAO, their release depends on approval through a multi-stage process.
- Binance seeks release of 8,425.997 ETH and 74.56 million ARB
- Assets are frozen following Binance’s hot-wallet exploit
- No additional Arbitrum treasury allocation is requested
- ETH fell 7.38% over 24 hours; ARB fell 2.85%
Crypto Economy and Crypto.news both report that Binance asked Arbitrum’s DAO to release approximately 8,426 ETH and 74.56 million ARB from a frozen address following the exchange’s security incident. The outlets agree that the assets would be used to cover losses and expenses associated with the incident, although Crypto Economy explicitly notes that Binance is not seeking another allocation from the DAO treasury. Crypto.news provides the more precise ETH figure of 8,425.997 and says the Nov. 5 proposal starts a governance process expected to take at least seven weeks; Crypto Economy instead highlights the requirement for several approval stages.
- Binance Faces $2.5B Hack Crisis as Stablecoins Worth Nearly $1B Are Frozen
- Binance Seeks DAO Approval to Unlock Frozen ETH and ARB — this brief
Binance has formally asked 
Arbitrum’s DAO to authorize the release of 8,426 ETH and 74.56 million ARB held in a frozen address. The request follows the hot-wallet exploit that left the assets inaccessible, according to coverage from Crypto Economy and Crypto.news.
The proposed transfer would use the recovered holdings to cover losses and expenses connected with the incident. Crypto Economy reports that Binance is not asking the DAO treasury for an additional allocation, making the request a release of existing assets rather than a new public-funding proposal.
Both outlets describe a governance process rather than an immediate withdrawal. Crypto Economy says the proposal must pass several stages, while Crypto.news says Binance submitted it on Nov. 5 and expects the process to take seven weeks or longer. The ETH amount is reported as 8,426 by Crypto Economy and in greater precision as 8,425.997 by Crypto.news; both give the ARB figure as 74.56 million.
The request places the frozen assets at the center of Arbitrum’s governance system. Crypto Economy characterizes Binance’s proposal as a way to cover incident-related losses and costs without drawing another allocation from the DAO treasury, while Crypto.news emphasizes the duration of the approval route and the precision of the requested amounts.
Live market data show 
Ethereum at $2,242.04, down 7.38% over 24 hours and 3.95% over seven days. ARB trades at $0.158335, down 2.85% over 24 hours and 5.61% over seven days. DeFiLlama reports Arbitrum TVL of $3.29 billion, a 3.4% decline over seven days. The total crypto market cap is $2.62 trillion amid a broadly downward market; 
Bitcoin fell 5.14% over 24 hours, while the Fear & Greed Index stands at 50, or Neutral. The next governance stages and whether the requested assets are authorized for release are the developments to monitor.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from ₹2,12,142.21$2,242.04 to ₹2,11,014.34$2,230.12 — -0.53%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹225,465.13 (about $2,230.12), down 7.8% over 24 hours. The rupee itself trades about 6.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 5, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Seeks DAO Approval to Unlock Frozen ETH and ARB — questions & answers
How much is Binance requesting from Arbitrum DAO?
Binance is requesting 8,425.997 ETH and 74.56 million ARB from a frozen address.
Why does Binance want the assets released?
The exchange says the recovered assets would cover losses and expenses associated with its security incident.
Will the release require a new DAO allocation?
No. Crypto Economy reports that Binance is seeking release of existing assets and is not requesting another allocation from the DAO treasury.
How long could Arbitrum’s governance process take?
Crypto.news says the process is expected to take seven weeks or longer, while Crypto Economy notes that several approval stages are required.
How much is 1 Ethereum worth in rupee today?
About ₹225,465.13 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,230.12. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.53% since this brief first published — trading at ₹2,11,014 ($2,230.12) now versus ₹2,12,142 ($2,242.04) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.