Arbitrum Proposes Bans Over Alleged Grant Misuse

Key Takeaways

The vote would restrict funding, not network access

Arbitrum’s Watchdog Committee has proposed permanently excluding Good Entry, Limitless and APX Finance, formerly ApolloX, from future ArbitrumDAO programs. No ban has been approved, and the projects have until September 10 to present their cases. The committee says it will seek votes if their explanations are inadequate and the respective funds are not returned.

If that happens, the committee plans to hold three separate Snapshot votes, one for each project. A successful vote would make the relevant project and covered people ineligible for future grants, incentive programs and othe...