Arbitrum proposal to return 700M ARB fails, whale calls it a “ | Crypto California Club
Arbitrum proposal to return 700M ARB fails, whale calls it a “power play”
AIP-1.05 was defeated by 118 million votes after the proposal was introduced following the Arbitrum Foundation’s transfer of funds without community approval.
A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum’s DAO treasury was rejected by a massive number of votes on April 15. The improvement proposal called AIP-1.05 was introduced after the Arbitrum Foundation transferred funds without community approval in March.
