Optimism-funded team's deciding vote redirects $49M in OP tokens away from intended user recipients.

Regulation & Gov · 2026-08-20

A governance vote by an Optimism-funded team redirected $49 million in OP tokens away from their originally intended recipients. The team's deciding vote determined the reallocation of the tokens within the protocol's governance structure.

Previously on Telem

Whitechain shifts from standalone L1 to OP Stack Ethereum L2 2026-08-19
Optimism Foundation plans 343 million OP token issuance next year 2026-08-06
Optimism adds 5 vulnerability categories to Immunefi bug bounty program 2026-08-13