🚨 Arbitrum DAO Faces Major Funding Dispute
The Arbitrum Watchdog Committee is recommending that Good Entry, Limitless and APX Finance be permanently excluded from future Arbitrum DAO programs over alleged misuse of DAO funds.
Key numbers:
🔹 457,553 ARB linked to the three cases
🔹 142,839 ARB distributed to 1,032 ineligible users
🔹 75,000 ARB moved from Limitless to Base as USDC
🔹 239,714 ARB linked to APX Finance
🔹 Around 532K ARB recovered through the Watchdog Program
⚠️ The permanent bans have not been approved yet. The projects have been given time to respond and return the relevant funds before separate Snapshot votes.
This could become an important test of how strictly Arbitrum handles DAO-funded projects.
Sam FX Pro
$ARB
The Arbitrum Watchdog Committee is recommending that Good Entry, Limitless and APX Finance be permanently excluded from future Arbitrum DAO programs over alleged misuse of DAO funds.
Key numbers:
🔹 457,553 ARB linked to the three cases
🔹 142,839 ARB distributed to 1,032 ineligible users
🔹 75,000 ARB moved from Limitless to Base as USDC
🔹 239,714 ARB linked to APX Finance
🔹 Around 532K ARB recovered through the Watchdog Program
⚠️ The permanent bans have not been approved yet. The projects have been given time to respond and return the relevant funds before separate Snapshot votes.
This could become an important test of how strictly Arbitrum handles DAO-funded projects.
Sam FX Pro
$ARB
