Arbitrum transfers $56 million of unclaimed ARB  tokens

Arbitrum transfers $56 million of unclaimed ARB tokens

Arbitrum is a layer-2 scaling solution
Arbitrum is a layer-2 scaling solution

Arbitrum, a layer-2 scaling solution for the Ethereum blockchain, officially added the unclaimed tokens from its airdrop to its treasury, stated Cointelegraph.

The foundation tweeted that on September 24, 2023, Arbitrum Foundation shared 69.4 million unclaimed Arbitrum (ARB) tokens to its decentralised autonomous organisation (DAO) and the Arbitrum DAO, among others, Cointelegraph added.

Sources revealed that Arbitrum users will no longer be able to claim ARB tokens anywhere. “Please be safe out there,” the Arbitrum Foundation explained.

Furthermore, the transferred amount of ARB was worth around $56 million, during the time the article was written, Cointelegraph concluded.

(With insights from Cointelegraph)

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This article was first uploaded on September twenty-five, twenty twenty-three, at thirty-one minutes past five in the evening.
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