Arbitrum Foundation Offers Explanations to Alleviate FUD from ‘Unauthorized’ 50M ARB Token On-Chain Transfer
Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale. The Arbitrum Foundation is taking heat for offloading 50 million ARB tokens on-chain without community consent. ARB’s value slumped 11% following the sale, with the Foundation explaining it utilized the proceeds in the DAO’s
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