Arbitrum (ARB)

"If you have the power to stop a bad actor doing an illegal activity onchain, it is your duty and responsibility to do so." "Arbitrum recognized that and acted on it." Andy delivers a conviction take on Arbitrum's decision to intervene and freeze stolen funds from the rsETH exploit.

For everyone complaining about the Arbitrum 9-of-12 security council being too centralized Consider the fact the LayerZero bridge that was exploited & caused this mess was a 1-of-1 setup Also consider that ~90% of LayerZero OApps & messaging volume are 1-of-1 or 2-of-2 setups

For everyone complaining about the Arbitrum 9-of-12 security council being too centralized Consider the fact the LayerZero bridge that was exploited & caused this mess was a 1-of-1 setup Also consider that ~90% of LayerZero OApps & messaging volume are 1-of-1 or 2-of-2 setups

Happy Tuesday from The Nest. The tension between decentralization and security has never been louder. Arbitrum freezes hacker funds. Crypto allegedly settling geopolitical toll payments. 1:15p EST @odysseas_eth - @phylaxsystems 1:45p EST @RuneKek - @SkyEcosystem 2:30p EST @SecurityGuyPhil - @coinbase See you on the show.

For everyone complaining about the Arbitrum 9-of-12 security council being too centralized Consider the fact the LayerZero bridge that was exploited & caused this mess was a 1-of-1 setup Also consider that ~90% of LayerZero OApps & messaging volume are 1-of-1 or 2-of-2 setups

🟢 LIVE From The Nest: Arbitrum freezes 30K ETH, Odysseas, Sky Founder & Coinbase CSO Join https://t.co/88KQJrNxbD

literally shaking right now. after arbitrum froze north korea's $71m in stolen eth to fund their nuclear weapons program i'm concerned they're going to start freezing my money too.

to use defi on arbitrum is to not have your funds fund kim's next trip to build on arbitrum is to have your protocol marked safe by north korea if you have any problem with it, keep your funds on eth l1 and bitcoin don't lecture us on how decentralization died today