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The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens.

The Arbitrum Foundation intends to split the AIP-1 proposal into a series of separate ballots under solid community resistance and promises to review each portion of the proposal this week.

The Arbitrum Foundation issued a mea culpa after its contentious premiere governance vote backfired.

Arbitrum said its first vote—which drea 70% opposition—was a “ratification” and not a “request.”

The Arbitrum Foundation has ignored the impending results of AIP-1's "ratification" vote by pre-emptively selling ARB tokens.

The Arbitrum Foundation, the body responsible for overseeing the decentralized governance system of the Arbitrum network, has released a statement to clarify its position on the recent controversy surrounding its token allocation process that triggered a 6% drop in the price of the ARB token.

The Arbitrum Foundation announced that it was only ratifying an existing decision when it proposed a 750 million ARB tokens budget.

Arbitrum Foundation clarifies on-chain transfers of 50M $ARB tokens. 40M was allocated as a loan, and 10M was converted to fiat for operational costs.

The proposed "special grants" program on the Arbitrum blockchain, which would allocate 750 million ARB tokens worth nearly $1 billion to the centralized Arbitrum Foundation without input from token holders, has caused community concerns.

The Arbitrum Foundation sold ARB tokens before the community ratified the organization's budget, leading to a governance crisis. The Foundation used the tokens for the DAO's operational purposes.

Arbitrum's decentralized governance plan is off to a rocky start after the Foundation started selling ARB tokens without community approval.

The Arbitrum Foundation, the centralized organization responsible for promoting Arbitrum – a faster and cheaper blockchain for transacting on Ethereum – has come under scrutiny because of its decision to sell ARB tokens for stablecoins before its governance community of tokenholders had ratified the organization's near $1 billion budget.

The Arbitrum Foundation, the centralized organization responsible for promoting Arbitrum – a faster and cheaper blockchain for transacting on Ethereum – has come under scrutiny because of its decision to sell ARB tokens for stablecoins before its governance community of tokenholders had ratified the organization's near $1 billion budget.

Arbitrum Foundation would be “severely damaged” without blank check grantmaking powers, according to a blog post.

On Saturday, a proposal to give the Arbitrum Foundation control of 750 million ARB tokens, worth $1 billion, sparked controversy among the holders of Arbitrum's governance token. The tokens would fund a ‘special grants' program designed to foster growth on the Ethereum layer 2 blockchain that only recently began distributing its ARB token.

The Arbitrum Foundation would get to side step community governance when issuing “special grants.”

It's been a massive week for an obscure scaling technology. But what are rollups and how can you determine the differences between each?

Offchain Labs, the development team behind Arbitrum, a layer-2 scaling solution for Ethereum, has moved 2.679b ARB, worth over $3.7b

A part of Arbitrum's [ARB] 2023 roadmap was the objective for its token to become available to the public. In grand style, it was done on 16 March as users of the network were AirDropped free tokens.

Arbitrum has announced to launch the AIP-1 plan to launch ArbitrumDAO.

Days after Arbitrum's ARB governance token airdrop, the voting on a proposal to introduce a governing body for the freshly formed decentralized autonomous organization (DAO) has begun.

Arbitrum [ARB] has enjoyed massive traction after several exchanges like Binance listed it. At press time, it was the top trending token on CoinMarketCap, trading at $1.393.

An Arbitrum address appears to have nabbed over 933,000 ARB tokens from over 630 wallets through an "address poisoning" scheme.

The wallet address managed to farm almost 1 million ARB tokens via 630 wallets.