Vote buying on Arbitrum has become a major concern because 5 ETH purchases resulted in 19.3M ARB voting tokens.
The practice of vote-buying on Arbitrum creates manipulation anxieties because political candidates use financial incentives to purchase votes.
LobbyFi operates its low-cost platform to initiate governance attacks and weakens the protection of decentralized systems against manipulation attempts.
The incident sheds light on the growing demand for higher levels of security in DAOs and the importance of addressing vote-buying and manipulation.