Arbitrum proposal to return 700M ARB fails, whale calls it a “power play”
AIP-1.05 was defeated by 118 million votes after the proposal was introduced following the Arbitrum Foundation’s transfer of funds without community approval.
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### Instruction: Arbitrum proposal to return 700M ARB fails, whale calls it a “power play”

### Response: AIP-1.05 was defeated by 118 million votes after the proposal was introduced following the Arbitrum Foundation’s transfer of funds without community approval.