Arbitrum DAO Community Admin: Nearly 2.7 billion ARB transferred to Coinbase escrow account, aiming to adopt Coinbase unlock service

Eli, the Discord community manager of Arbitrum DAO, responded to the transfer of 2.694 billion ARBs with a four-year lock-up period to 140 EOA accounts, saying that he learned from the Arbitrum Foundation that these tokens were transferred to the Coinbase escrow account for the purpose of using the Coinbase unlocking service . Eli said he would advise Offchain Labs to respond via Twitter. Foresight News previously reported that according to Lookonchain monitoring, 2.694 billion ARB allocated to the Offchain Labs team and Future team and consultants was transferred to 140 EOA addresses yesterday through the address "0x1e70", but according to the document, all investors and team tokens are There is a 4-year lock-in period, with the first unlock occurring within one year and then monthly unlocks for the remaining three years. The data on the chain shows that the "0x8d45" address transferred 22.56 million ARBs (about 28 million U.S. dollars) to Coinbase after receiving them. Other addresses have not yet been transferred, but they can be transferred to the exchange for sale at any time without code restrictions.