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Arbitrum DAO Administrator: Some ARB has been transferred to a Coinbase custody account, enabling custody unlock service.

BlockBeats reported on April 3rd that Arbitrum DAO community administrator eli stated that a portion of the 2.694 billion ARB transferred to 140 EOA addresses by the Offchain Labs team, Future team, and advisors has been transferred to Coinbase's custody account for the purpose of using Coinbase's custody unlocking service. As previously reported by BlockBeats, the 2.694 billion ARB transferred to the 0x1e70 starting address two days ago should be allocated to a portion (26.94%) of the Offchain Labs team, Future team, and advisors, but this portion of the tokens should be locked for 4 years. In addition, the 0x8d45 starting address has transferred 22.56 million ARB (approximately $28 million) to Coinbase after receiving the ARB.

Correction/Report

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