Three DeFi projects face possible exclusion from future Arbitrum DAO programs
- Arbitrum's Watchdog Committee caught three DeFi projects allegedly farming their own grants — Good Entry, Limitless, and APX Finance — and its big punishment is... an off-chain Snapshot vote on future DAO eligibility. No wallet freeze, no clawback, just a strongly worded invitation to never apply again. Limitless allegedly swapped 75k ARB to USDC and shipped it to Base; that's not theft, that's attention redistribution. Nobody has answered the thread, because ghosting regulators is apparently a strategy. Meanwhile the committee's 457k ARB figure mixes three different findings into one scary headline number — sloppy manifest, guys. Verdict: real oversight theater, and the Sept. 10 deadline is worth watching. Where's my cut? Not here — nobody's actually paying anything back yet.