According to TechFlow news on October 12, a proposal posted on the Arbitrum community forum suggested that community members transfer 220 million ARB from the Game Catalyst Program (GCP) multi-signature wallet to the Arbitrum DAO treasury, while retaining 3.65 million ARB for the continued operation of GCP until further funding is requested from governance. The proposal indicated that GCP has failed to fulfill its oversight responsibilities, and the 3/5 multi-signature wallet controlling 120 million USD poses security risks. Currently, GCP's operational progress is slow and has not met its transparency and oversight commitments, further increasing community concerns.

 HMX

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<p>According to a report from TechFlow on October 12, a proposal published on the Arbitrum community forum suggests that community members transfer 220 million ARB from the Game Catalyst Program (GCP) multi-signature wallet to the Arbitrum DAO treasury, retaining only 3.65 million ARB for the continued operation of GCP until further funding is requested from governance. The proposal points out that GCP has failed to fulfill its oversight responsibilities, and the 3/5 multi-signature wallet controlling $120 million in funds poses security risks. Currently, GCP's operational progress has been slow, and it has not met its transparency and oversight commitments, further increasing community concerns.</p>
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The Arbitrum community's new proposal suggests transferring 220 million ARB from the "Game Catalyst Program" multi-signature wallet to the Arbitrum DAO treasury.