The Arbitrum Foundation began selling ARB tokens before the organization's governing community of token holders approved the organization's budget, which was almost $1 billion.

• Last week, Arbitrum distributed ARB Governance Tokens to hundreds of thousands of wallets to empower holders to make important decisions. One of the first packages appears to have been AIP-1, which covered governance, emergency powers, funding, and grants.

• According to the proposal, the fund received 750 million ARB without the approval of token holders for use. And when users voted no, the Arbitrum team said that the vote was just a formality, and they had already spent 50.5 million ARB out of a total of 750 million.