Arbitrum Foundation said it sold 10M ARB tokens to fund operating cost

Ad Arbitrum Foundation said it sold 10 million ARB tokens to fund pre-existing contracts and to pay for near-term operating costs. In an April 2 Twitter thread, the Ethereum (ETH) layer2 solution foundation clarified that the token sales were essential for running its operation because it is a separate entity from Offchain Labs and was…

Over 1M Arbitrum tokens lost to phishing attack

Ad Two malicious players have stolen over a million Arbitrum (ARB) tokens, blockchain security firm Peckshield reported on March 31. According to the report, a wallet “0xbd4E” connected to an exploiter converted 933,375 ARB to 713 Ethereum (ETH) — worth $1.27 million — and bridged those tokens to Ethers mainnet. Another wallet — “0x7AFd,” which…

Over 300M Arbitrum ARB tokens claimed; price plunges 90%

Ad Arbitrum’s newly airdropped token ARB price dropped by around 90% to $1.20 as investors rapidly dumped their token, according to CryptoSlate’s data. During the first hour of its claim, the ARB token traded for $3.99 on decentralized exchange (DEX) Uniswap and above $5 on centralized exchanges like KuCoin, Kraken, and OKX. During the period,…

Arbitrum network activity booms ahead of airdrop

Ad Network activity on Arbitrum has been booming, with the popular Ethereum layer-2 solution seeing an unprecedented uptick in the number of transactions and addresses. According to data from Arbiscan, the network processed over 1.3 million transactions on March 21 — up from 1 million transactions recorded on March 20. The sharp increase in the…

Arbitrum to airdrop ARB tokens to users on March 23

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