Arbitrum proposal to return 700M ARB fails, whale calls it a “power play” Post author:MiamiCrypto Post published:April 15, 2023 Post category:arbitrum / dao / governance token The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval. You Might Also Like Marshall Islands legally recognizes DAOs as domestic limited liability companies December 22, 2022 Community wants Arbitrum Foundation to return 700M ARB to DAO Treasury April 9, 2023 Decentralized asset management system launches for Arbitrum, Optimism August 7, 2023