$10 Million Dump from Arbitrum Foundation

A couple weeks ago Arbitrum delighted the crypto world when it announced it would release a token on March 23. Early and active users, investors, the founding team, and DAOs that have built on Arbitrum were eligible for ARB tokens. Together, they — and anyone who buys ARB on secondary markets — would run the Arbitrum DAO. The Arbitrum DAO would run Arbitrum. In other words, Offchain Labs, the company that built Arbitrum, would hand control of Ethereum’s leading Layer 2 blockchain to its “community.”