1,4‐Diarsinine‐1,4‐diide compound [(ADCPh)As]2 (5) (ADCPh={C(DippN)}2CPh, Dipp=2,6‐iPr2C6H3) with a planar C4As2 ring fused between two 1,3‐imidazole scaffolds has been isolated as a red crystalline solid. Compound 5, formally comprising an 8π‐electron C4As2 ring, is antiaromatic and undergoes 2e‐oxidation with AgOTf to form the 6π‐electron aromatic system [(ADCPh)As]2(OTf)2 (6).