After community backlash, a proposal has been made to request the Arbitrum Foundation to return 700 million ARB tokens to its DAO Treasury, and voting on the proposal will end on April 14. The community had become discontent after the foundation transferred the funds without approval from the community in March. The proposal states that the foundation should only continue with its budget plan after returning the tokens. At the time of writing, 55% of voters supported the proposal, 42% opposed it, and 2% abstained.
Although the Arbitrum Foundation attempted to restore community dialogue with new improvement proposals, the issue still remains unresolved with ARB holders who want the funds to be returned until it is properly allocated by the DAO.
