Search Results for "arbitrum"
Radiant Capital Suffers $4.5M Flash Loan Attack
Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.
Multichain Reports Unusual Outflows Worth Over $100M
In the past 12 hours, a large amount of assets has unusually flowed out from Multichain. These assets, which include a variety of cryptocurrencies, have been transferred to the new address: 0x1eed63efba5f81d95bfe37d82c8e736b974f477b. At the time of writing, the net worth of all assets transferred is $102,834,504.
Arbitrum Activates Account Abstraction Endpoint Support on One and Nova
Arbitrum has officially activated support for the account abstraction endpoint on its One and Nova mainnets, following the successful passage of AIP-2.
Ethereum ERC-4337 Account Abstraction Grant Round Recipients Announced
The Ethereum Foundation has awarded grants to 18 teams in its ERC-4337 Account Abstraction grant round, supporting projects focused on ERC-4337. Notable recipients include ZeroDev Kernel, Skandha Bundler, and MynaWallet, which integrates with the Japanese Government-Issued ID Card. These grants promote modularization, diverse blockchain applications, and enhance the Ethereum network's capabilities.
Arbitrum Community Seeks Return of 700 Million ARB Tokens
The Arbitrum community has proposed the return of 700 million ARB tokens to its DAO Treasury after the Arbitrum Foundation transferred the funds without community approval. The proposal requires the foundation to return the tokens before proceeding with its budget plan, and voting ends on April 14.
Arbitrum's ARB Token Airdrop Triggers OTC Trading
The announcement of the ARB token airdrop by Arbitrum Foundation has triggered over-the-counter (OTC) trading of the unreleased tokens. ARB marks Arbitrum's official transition into a decentralized autonomous organization (DAO), giving ARB holders the power to vote on key decisions governing Arbitrum One and Arbitrum Nova. The airdrop will grant 11.5% of the total supply to eligible Arbitrum users and 1.1% to DAOs in the Arbitrum ecosystem.
Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked
The surge of Layer 2 solutions like Arbitrum, Optimism, and BASE, overtaking Layer 1 blockchains Solana and Avalanche in terms of Total Value Locked (TVL) as of September 25, 2023, highlights the pivotal role of Layer 2s in augmenting the scalability and transactional efficiency of the Ethereum network. The data underscores a growing preference for Layer 2 solutions, demonstrating their potential in enhancing the blockchain technology landscape.
Hackers Steal $500,000 Worth of Tokens from Arbitrum Airdrop
Hackers have reportedly stolen $500,000 worth of tokens from Arbitrum’s airdrop by using vanity addresses to redirect the airdropped tokens to their own addresses. The use of vanity addresses to claim crypto assets has been known to compromise the security of users’ private keys, making it easier for hackers to steal crypto assets.
Arbitrum Foundation Under Fire for Selling ARB Tokens Before Budget Ratification
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. The situation calls into question the efficacy of the community governance model and the power dynamics of centralized organizations in decentralized ecosystems.
Layer-2s, Cheaper Transactions, and Airdrops: What You Need to Know
Layer-2s are speeding up Ethereum transactions with lower fees. Airdrops reward early adopters, but users should be cautious of risks and verify protocols.
Arbitrum Airdrop Boosts zkSync Growth
Arbitrum's recent airdrop of its governance token has generated significant hype, which has helped another layer-2 scaling solution, zkSync, see significant growth in the last week. Despite not having a native token or announcing any airdrop, zkSync has seen a surge in the number of addresses bridging to its platform, with over 39,000 addresses bridging over $871 million in the last seven days.
Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected
A proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO treasury was rejected after receiving only 14.5% of the total votes. The proposal called for the foundation to return the tokens as a symbolic gesture to demonstrate the DAO's control over the governance holders. The rejection comes amid a dispute between Arbitrum's community and foundation over its governance proposal AIP-1.