Arbitrum watchdog seeks permanent ban for three grant abuse cases

Arbitrum’s Watchdog Committee has proposed permanently excluding three DeFi projects from future DAO programs after flagging cases involving 457,553 ARB, valued at roughly $76,000. Summary Good Entry, Limitless, and APX Finance face separate permanent-ban votes. The committee identified alleged misuse involving a combined 457,553 ARB. Projects have until Sep. 10 to respond and return any disputed funds. Any ban would restrict future DAO participation without freezing wallets or protocols. Arbitrum grant cases involve three different findings The Sep. 3 governance proposal said Good Entry, Limitless, and APX Finance, formerly ApolloX, had been linked to what the Watchdog Committee classified as high-severity misuse of DAO funds. According to the committee, high-severity cases involve large and deliberate misuse of money allocated by ArbitrumDAO. Examples can include fabricated work and theft, although the findings differ across the three projects under review. The cited amounts add up to 457,553 ARB, worth about $76,000 at the valuation used in the proposal’s coverage. However, the total does not represent one confirmed theft or a single balance owed to ArbitrumDAO. It combines sepa...