Arbitrum's Security Council has taken emergency action to temporarily pause the activation of new 'Stylus' contracts. According to reports from Stocktwits, this decision was made to proactively defend against highly sophisticated AI-based attack attempts. Fortunately, it has been confirmed that no funds were stolen, but for the time being, new smart contract updates and deployments will inevitably face a slowdown.

As a result, the ARB token price has dipped, falling about 12% over the past week. However, Arbitrum's protocol revenue actually surged 5x, showing strong fundamentals. It will be interesting to see if the shift toward prioritizing 'solid user protection' over the ideal of perfect decentralization will spread across the L2 landscape 😄

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