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Arbitrum DAO has retracted a proposal to allocate up to $1.28 million in ARB tokens to the Tornado Cash developers' legal defense. The decision came after concerns were raised about the legal implications of supporting Roman Storm and Alexey Pertsev, who are facing criminal charges. An Arbitrum spokesperson confirmed that the proposal for the million-dollar donation was withdrawn at the author's request. This move reflects the broader challenges and controversies within the cryptocurrency ecosystem, especially regarding the support for individuals or entities facing legal scrutiny.
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Arbitrum DAO has removed a proposal to donate approximately $1.28 million worth of ARB tokens to criminal charges against Tornado Cash developers Roman Storm and Alexey Pertsev. Because token holders have expressed concerns about whether such donations would pose legal risks.…
Sunday scoopette for the DeFi crowd: Arbitrum DAO on Friday quietly took down a proposal to donate up to $1.28 million in ARB to Tornado Cash developers, shortly after delegates voiced concerns over the legal risks of rubber stamping such a donation. https://t.co/P6hcudxir8
