Twitter Suspends Official Arbitrum Account
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
:format(jpg)/www.coindesk.com/resizer/Qc1SOsxolC6_Esqs89-xeXCpbKk=/arc-photo-coindesk/arc2-prod/public/VDZCFPNTYVCTNBFQBVIGFLKBAA.png)
Sam is CoinDesk’s deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
The Twitter account for Arbitrum, the Ethereum rollup platform, was suspended on Monday.
The co-founder of Offchain Labs, the company behind Arbitrum, Harry Kalodner, confirmed the suspension in a text message to CoinDesk, although he said he was unsure of Twitter’s rationale. “The Arbitrum Foundation which now controls that account is investigating,” said Kalodner.
The suspension comes less than a week after the much-hyped rollout of Arbitrum’s new ARB governance token. The ARB launch, like similar buzzy token launches, was seized on by scammers who used spoof social media accounts and elaborate phishing schemes to steal from unwitting ARB investors. Many of those scam accounts are still live on Twitter.
Arbitrum is a layer 2 rollup platform that allows users to transact on the Ethereum blockchain and pay lower transaction fees. It’s currently the largest Ethereum rollup by trading volume and total value locked, according to DefiLlama. The Arbitrum DAO (decentralized autonomous organization) – which is constituted by holders of ARB – took over development of the platform last week with the release of the ARB token. Previously, the platform was officially maintained by the company Offchain Labs.
Togrhul Mahararramov, a developer for scroll, another Ethereum rollup platform, called Twitter “consistently awful.”
CORRECTION (March 27, 2023 19:18 UTC): A previous version of this story misidentified the tweet as from Kalodner, instead of Mahararramov.
Edited by Nelson Wang.
DISCLOSURE
Please note that our
privacy policy,
terms of use,
cookies,
and
do not sell my personal information
has been updated
.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
strict set of editorial policies.
CoinDesk is an independent operating subsidiary of
Digital Currency Group,
which invests in
cryptocurrencies
and blockchain
startups.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
stock appreciation rights,
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG
.
Sam is CoinDesk’s deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Sam is CoinDesk’s deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
