ACX Token Crashes as Team Faces Accusations of Misusing $23 Million in Tokens

ACX Token Crashes as Team Faces Accusations of Misusing $23 Million in Tokens

TL;DR Across Protocol faces allegations of misappropriating $23 million in ACX tokens through secret votes from wallets tied to its own team. Hart Lambur denied the accusations and defended the protocol, though no evidence has yet been presented to disprove the on-chain documented claims. The ACX token fell to $0.1376, posting a 38% drop over the past month, worsened by the

Ogle Claims Across Protocol Used Secret Votes to Extract $23 Million From DAO

Glue’s pseudonymous founder Ogle has publicly accused the Across Protocol team of manipulating DAO votes and extracting around $23 million from the DAO treasury. In a post on X, Ogle said the Across team used secret wallets to influence DAO voting outcomes, enabling them to transfer funds from the DAO treasury to a private company associated with the team. One alleged example includes an October 2023 proposal that requested 100 million ACX (valu…

Across Protocol Token Crashes 10% Today Amid $23M Team Misappropriation Allegations

Across Protocol token crashes 10% amid allegations team misappropriated $23 million from DAO treasury through manipulated governance votes.

Across Protocol Team Accused of a $23M Grab; Co-Founder Responds

Lambur rejected claims of secret DAO votes and early sales, and asserted that Across Protocol's proposals were transparent and aligned with the DAO's intended goals.

Across Protocol DAO under fire over $23M fund misuse claims - WorldNL Magazine

The founders of the crosschain bridge Across Protocol have been accused of siphoning $23 million of funds to their own for-profit company.In a Friday X thread, Ogle — the pseudonymous founder of layer-1 project Glue and onchain sleuth — accused some founders of Across Protocol of covertly manipulating decentralized autonomous organization (DAO) votes to fund their for-profit company, Risk Labs. Ogle accused the project of being among the “DAOs t…

ACX Token Crashes as Team Faces Accusations of Misusing $23 Million in Tokens - Crypto Economy

TL;DR Across Protocol faces allegations of misappropriating $23 million in ACX tokens through secret votes from wallets tied to its own team. Hart Lambur denied the accusations and defended the protocol, though no evidence has yet been presented to disprove the on-chain documented claims. The ACX token fell to $0.1376, posting a 38% drop over the past month, worsened by the distrust triggered by the scandal. Across Protocol has become embroiled…