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Arbitrum Foundation presents new governance proposals following backlash

Arbitrum Foundation, the Ethereum layer 2 network, has introduced two new proposals with significant changes after its initial governance proposal faced backlash from the community. The Foundation plans to keep 700 million ARB tokens, which were left in the administrative budget wallet until the DAO approves an appropriate spending plan. 1/10 With the ArbitrumDAO reaching […]
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Arbitrum overtakes Ethereum in transaction numbers as airdrop approaches

Ethereum’s (ETH) layer-2 scaling solution Arbitrum (ARB) experiences unprecedented growth in anticipation of the ARB token airdrop. The Ethereum-based layer-2 scaling solution, Arbitrum, has reached an all-time high in daily transactions and unique wallets interacting with the network, according to Dune Analytics. This surge in activity comes just ahead of the highly anticipated airdrop of […]
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Binance hints at Arbitrum listing right after its airdrop

The collection of scaling solutions for the Ethereum (ETH) network, Arbitrum, announced its airdrop this month. Recently, the largest crypto exchange by trading volume, Binance, pointed out listing its native utility token, ARB. According to Dune analytics, only 27 unique addresses currently hold ARB tokens — including Arbitrum’s seven official wallets. Per the data, 625,143 […]
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Arbitrum airdrop marred by Sybil attacks

Arbitrum’s upcoming airdrop for its new governance token, ARB, has reportedly encountered significant Sybil activity, exacerbated by what experts have called “ineffective” detection rules. According to an analysis by crypto security researcher X-explore, Arbitrum’s Sybil detection rules had flaws that were exploited by more than 279,328 same-person and 148,595 Sybil airdrop addresses. 1/8 We found […]
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Arbitrum community warned of fake airdrops

The impending “ARB” token airdrop hosted by Arbitrum looks to have become a favorite target for con artists. The community has issued warnings about hundreds of phishing schemes that are targeted at fooling cryptocurrency users. Multiple warnings issued on fake airdrops Before the March 23 date release revelation, web3‘s anti-scam tool Scam Sniffer informed its Twitter followers that […]
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