CoinWorld Network news reports that Arbitrum Security Council member Griff Green explained on April 23, during an interview with the Coinage channel, why emergency powers were used to freeze $72 million controlled by North Korean hackers. He said that even if the Security Council chose not to act, they would almost face no risk, but given that this incident had become a survival threat to DeFi, he firmly believed action had to be taken. Meanwhile, the funds remained in a Layer 2 address for several days, giving the team a window to coordinate with Seal 911 on handling; ultimately, the first-ever 9-of-12 multi-signature emergency mechanism was activated to transfer the funds and freeze them. In response to outside doubts about “a few people being able to directly intervene in on-chain funds,” Green believes that real checks and balances still come from the market and token holders.