How SEAL 911 and Arbitrum Froze $70M of North Korea's Stolen Funds

Description

Griff Green, Arbitrum Security Council member, explains how SEAL 911 was able to freeze funds North Korea stole when it left them on Arbitrum for 48 hours. He also explains the mechanism of how forced inclusion, which allowed the Security Council to make the transaction on Arbitrum via Ethereum mainnet that moved the funds to a dead address pending DAO governance. This is the first time in the history of Ethereum that a security council has executed an action like this. Laura Shin interviews Griff Green of the Arbitrum Security Council, DAO Security Fund, and Giveth. This clip is from a longer conversation on the Arbitrum Security Council's decision to freeze $70M of stolen funds. Full episode here: https://youtu.be/DYHkBuo4oOM We go live every Monday and Thursday — subscribe to catch it live. Timestamps: ⌛ 00:00 Why North Korea left $70M sitting on Arbitrum for 48 hours 📞 01:08 How SEAL 911 alerted the Security Council and what Taylor Monaghan proposed ⚠️ 02:46 Why upgrading the Arbitrum node would have caused collateral damage 🔐 03:23 Forced inclusion: the L1 transaction mechanism that made the freeze work 🏦 05:54 Where the $70M sits now and who decides what happens to it _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!