🧵 1. Arbitrum DAO receives $56M worth of unclaimed ARB tokens as airdrop deadline ends. Users cannot claim tokens anymore. Stay safe! #crypto
🧵 1. Arbitrum DAO receives $56M worth of unclaimed ARB tokens as airdrop deadline ends. Users cannot claim tokens anymore. Stay safe! #crypto
🧵 2. Unclaimed ARB tokens make up 0.69% of total supply. 93% of eligible users claimed tokens. Transfer adds $56M to Arbitrum DAO treasury.
🧵 3. Offchain Labs' Arbitrum, a layer-2 scaling solution for Ethereum, creates Arbitrum DAO and native governance token ARB. Airdropped tokens now in DAO's control.
🧵 4. Arbitrum Foundation transfers 69.4 million unclaimed ARB tokens to the DAO as planned. Initial airdrop allowed eligible users to claim up to 12.75% of total supply.
🧵 5. In a significant move, Arbitrum DAO adds unclaimed ARB tokens worth $56M to its treasury. Foundation urges caution as users can no longer claim tokens.
🧵 Read more at: https://cointelegraph.com/news/arbitrum-dao-takes-56million-of-unclaimed-arb-tokens