The Internet reported that the Arbitrum Foundation announced that it will launch a cybersecurity audit subsidy program after receiving approval of the Arbitrum DAO proposal. The plan will allocate 30 million ARB tokens (approximately US$14 million) over 12 months to fund smart contract security audits for blockchain projects built on the Arbitrum network. The program focuses on two types of projects: early projects with product-market fit, and mature projects with major upgrades planned. Project parties need to use safety audit companies from a pre-approved list of audit institutions, which will be announced this week.