# Binance Seeks ArbitrumDAO Vote to Release Frozen Ether and Arbitrum By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/51004 Published: 2026-11-07T18:58:22.000Z Updated: 2026-11-07T18:58:22.000Z Section: Technology > The proposed transfer of 8,425.997 Ether (ETH) and 74,559,805.2 Arbitrum (ARB) would go to a Binance-designated address; the exchange estimates the process at about 49 days. Binance has asked ArbitrumDAO to approve transferring 8,425.997 Ether (ETH) and 74,559,805.2 Arbitrum (ARB) from a frozen Arbitrum One wallet to a recovery address it designated. The proposal adds a governance step for assets frozen after Binance said its hot wallets were compromised on Oct. 29. Binance posted the constitutional proposal Nov. 5. The Arbitrum Security Council froze the assets at 8:08 p.m. ET Oct. 29 (00:08 UTC Oct. 30), after identifying an address linked to the incident. The council’s [freeze and transfer method]() involved temporarily changing Ethereum’s Inbox contract to issue cross-chain transactions impersonating that address, then restoring the contract’s original implementation. The proposal calls for forum discussion, a one-week Snapshot temperature check and a two-week on-chain vote. Binance estimates roughly 18 days for execution after the vote, putting the full process at about 49 days. The exchange says it could take about seven weeks or longer, and legal restrictions could extend the timeline. Binance proposes using any returned tokens for incident-related losses and costs, including replenishing reserves used to compensate affected users. It says it will cover those users’ losses through its Secure Asset Fund for Users (SAFU) and company treasury. The proposal requests no new ArbitrumDAO treasury allocation and estimates no direct cost beyond routine governance execution. Binance represents that the assets came from wallets it owned or controlled, or held for users, and that it knows of no other person with an interest in them. It says it will not submit the proposal on-chain or transfer the tokens while a legal process blocks release, unless a court changes or lifts the restriction. Before an on-chain submission, Binance proposes signing indemnity agreements for the Arbitrum Foundation, Offchain Labs and Security Council members. The agreements would cover claims and related costs tied to the freeze and release, have no specified financial cap, and exclude willful misconduct and fraud. The proposal calls for forum discussion before the Snapshot check and on-chain vote. ## Links in this article - [freeze and transfer method](https://www.tokenpost.com/news/technology/47132)