Xin Song: GSR's risk exposure on Binance is less than 5% of its net assets, and its business is not significantly affected.

Binance stated that it has verified and frozen approximately $3 billion in assets related to the hack, and the team is working with law enforcement agencies, issuers, blockchain intelligence companies, and industry partners to track down and freeze more assets.

A Binance hot wallet hacker transferred all 74.56 million ARB tokens to address 0x000...0DA0, which Arkham identified as a Kelp DAO hacker. The tokens have not yet been transferred or sold. Kelp DAO suffered an attack on April 18th of this year, losing approximately $292 million worth of rsETH. At the time, the community speculated that the attackers were the North Korean hacking group Lazarus Group.

[Binance's major sellers dumped $22.93 million worth of shares, putting pressure on BTC which fell 1.59%.] Multiple large market sell orders appeared in a short time, main funds' exit intent remains unclear

SlowMist cosine monitoring revealed that Binance hackers used the EIP-7702 mechanism to steal tokens from Binance's hot wallet in bulk. The hackers conducted a rehearsal for several hours before the actual theft.

Arbitrum has recovered 8,426 ETH and 74.56 million ARB assets, worth a total of $30.25 million, stolen from Binance by hackers. Six months ago, Arbitrum had previously recovered and returned 30,766 ETH stored on the Arbitrum blockchain by hackers. (Ember)