User spends $10k to control $6.5M in votes on Arbitrum DAO, sparks governance concerns
The vote decided a new member for Arbitrum’s oversight and transparency committee, which will earn nearly $100,000 over a year.

Updates and analysis on Arbitrum’s Layer-2 rollups, ecosystem growth, and DeFi integration across Ethereum.
Ethena Labs introduces USDtb, a stablecoin with BlackRock-backed security and multichain versatility.
Hackers managed to gain control of the platform's Pool Provider contract, transferring ownership to a malicious contract.
Arbitrum is the largest Ethereum layer-2 network, controlling 40% of the market.
Arbitrum's new staking proposal aims to bolster the network's security and governance.
Arbitrum said the move will boost transaction processes within its ecosystem.
The Arbitrum DAO's Orbit expansion proposal has gained a near unanimous backing of the crypto community.