Arbitrum fixes governance vulnerabilities and applies for 230 million ARB to continue funding the foundation's operations.

CoinFeed reported on May 29th that, according to the Arbitrum forum, the Arbitrum Security Committee urgently implemented a protocol upgrade on May 24th to fix a governance vulnerability in the L1 Timelock contract. This vulnerability could have allowed attackers to revoke the PROPOSER_ROLE permission on the Arbitrum Bridge via cross-chain messages, thereby preventing the execution of future constitutional governance proposals. However, the official statement emphasized that user funds have never been at risk, and the Security Committee can intervene to prevent attacks within a 7-day fraud proof window. In addition, the Arbitrum Foundation simultaneously launched a new round of funding requests, seeking $16 million in stablecoins/RWA, 1740 ETH, and 230 million ARB from the DAO to support operations, technical maintenance, ecosystem incentives, and strategic partnerships in 2027.