Arbitrum fixes governance vulnerabilities and applies for 230 million ARB to continue funding the foundation's operations.

On May 29th, Arbitrum's security committee urgently implemented a protocol upgrade on May 24th to address a governance vulnerability in the L1 Timelock contract. This vulnerability could have allowed attackers to revoke the PROPOSER_ROLE permission on the Arbitrum Bridge through cross-chain messages, thereby blocking the execution of future constitutional governance proposals. The official statement stressed that user funds were never at risk, and the Security Committee could intervene to prevent attacks within the 7-day fraud proof window. Furthermore, the Arbitrum Foundation has initiated a new funding proposal, requesting $16 million in stablecoins/RWA, 1,740 ETH, and 230 million ARB from the DAO to support operations, technical maintenance, ecosystem incentives, and strategic partnerships in 2027. The Foundation anticipates operating expenses of approximately $27.6 million in 2027, with technology-related costs comprising 54%. They plan to continue fostering ecosystem growth in areas such as Timeboost, RWA, AI, and institutional asset tokenization. The proposal is currently undergoing community discussion and a temperature check vote.