Ryan Sean Adams
π€ SpeakerAppearances Over Time
Podcast Appearances
They didn't disrupt any other users on the chain.
They just targeted this one specific case.
They grabbed the funds.
They essentially stole from the hacker who had already stole.
So they theft from the thief in order to recover these funds.
The implications of this are interesting.
First of all, North Korean hackers must have left the ETH on Arbitrum because they thought it was safe.
They didn't really think through that this could happen, that the Security Council could step in.
The Security Council itself, what's the multisig on that?
Is that like a 9 of 12 or something like that?
Yeah.
So nine of the parties had to agree to make this a regular state change out of 12.
And they got those nine parties to agree, and then they executed the method.
But essentially, that's kind of like if nine of 12 on the Security Council agree, it's kind of God mode over anything that happens on arbitrage.
And so there were many who celebrated this as like, hey, we got the money back.
This is fantastic.
We've helped save DeFi.
Now, again, this is only $30 million of the $280 million hack.
So it kind of takes the edge off, particularly for the RSE affected users on Arbitrum, but doesn't completely get all of the funds returned.
But