Arbitrum’s online resources stop working amid the ARB airdrop

The project’s website and explorer do not work because of the high load

23.03.2023 - 14:05

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3 min

What’s new? The airdrop of native tokens of the Arbitrum (ARB) network is experiencing significant disruptions due to a high influx of users. At the time of writing (13:30 UTC), the project website and the Arbiscan blockchain explorer are not functioning. The approximate price of ARB on exchanges is $2,5, also there is strong volatility.

Arbitrum Foundation website

ArbiScan website

Arbitrum is a Layer 2 (L2) network for scaling the Ethereum blockchain, developed by Offchain Labs. It uses Optimistic Rollup technology to aggregate large packets of off-network transactions from Ethereum smart contracts and decentralized applications (DApps) before sending them to Ethereum.

What else is known? The project’s team has already responded to the problems, stating on Twitter that participants in the airdrop will have six months to claim the tokens. In this, users were warned about high fees and expected server congestion.

Remember #Arbinauts, you have 6 months to claim your tokens! Gas fees will be quite high, and there will be server congestion. — Arbitrum (💙,🧡) (@arbitrum) March 23, 2023

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The ARB token was listed at 13:00 UTC on the Bybit, Mexc, Kucoin, Bitfinex, Kraken, and Huobi exchanges, and at 13:20 on the OKX platform. At 17:00 UTC, the Binance crypto exchange is expected to list the token.

Over 625 000 addresses can participate in the ARB airdrop. At the end of the airdrop, 11,5% of the total asset volume will be transferred to users. On the eve of the giveaway, Arkham Intelligence analysts warnedparticipants about the risk of losing their funds. They detected suspicious activity on the network and noted that an unknown hacker could implement a scheme to automatically redirect ARB to his address using a smart contract.

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