acrossprotocol

Across Protocol, recently listed on Binance, has emerged as one of the most promising cryptocurrencies, quickly gaining the attention of investors. Let’s explore what makes this project so special and its future growth prospects.
What is Across Protocol?
Across Protocol is a cross-chain protocol that aims to provide fast and cost-effective asset transfers between different blockchains. Using an innovative architecture, Across Protocol aims to solve the interoperability issues that plague the cryptocurrency space, allowing users to move assets between networks efficiently.

The Across Protocol ecosystem is in turmoil. Its native token ACX has nosedived after explosive allegations of insider manipulation and secret enrichment within the framework of its decentralized governance.

🔻 The token is bleeding

ACX has dropped 10% in the past 24 hours, trading around $0.1342. Over the past month, it has lost over 40%, now sitting 91% below its all-time high of $1.69 in December 2024.

💣 The accusations: Rigged votes and secret wallets

The scandal was triggered by Ogle, a pseudonymous founder of Layer 1 Glue, who posted a viral thread on X accusing Across Protocol leaders — particularly Kevin Chan and CEO Hart Lambur — of orchestrating two secret proposals that directly benefited their own company, Risk Labs.

🔹 The first proposal, from October 2023, allocated 100 million ACX tokens under the pretext of future development support, claiming the tokens would not be sold for two years. In reality, token option contracts were reportedly offered to outside investors soon after.

🔹 The second proposal for “retroactive funding” of 50 million ACX passed mainly due to votes from wallets allegedly controlled by insiders. Without those, quorum would never have been reached.

📉 DAO trust shattered

These allegations strike at the heart of DAO ideology — transparent, community-driven governance. Ogle claims the moves were a premeditated effort that undermined trust and put significant sell pressure on ACX. As of writing, Across Protocol has not issued an official response.

📊 Technical outlook: Bears in control

The charts are grim. ACX is hovering near the lower Bollinger Band at $0.1308, well below its 20-day simple moving average of $0.1597. The Relative Strength Index (RSI) has dropped to 31.27, flirting with the oversold zone.

🔮 What’s next?

If the $0.13 support level breaks, more losses could follow. While some traders may hope for a rebound to the mid-Bollinger level, shaken confidence in the team may significantly cap any upside momentum in the near term.

🧠 Summary:

Across Protocol is facing a severe trust crisis. If these allegations are proven true and the community doesn't receive clear answers, ACX may face not only market pressure but a long-term investor exodus. In the crypto space, where trust is everything, transparency may be the only lifeline.

#AcrossProtocol , #CryptoScandal , #CryptoNewss , #Web3 , #CryptoCommunity

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

On the morning of June 27, the token price $ACX of Across Protocol dropped more than 10% after serious allegations emerged. Accordingly, the project development team was accused of exploiting the DAO governance mechanism to transfer 23 million USD tokens from the community fund to their private company, while also conducting insider trading before ACX was listed on Binance.

Allegations from Ogle and responses from Across Protocol

The initial allegations came from Ogle, the anonymous founder of Glue, claiming that DAO proposals were passed thanks to wallets controlled by the internal team, including a wallet linked to Risk Labs CEO Hart Lambur. These wallets were said to have voted in large volumes without disclosing related financial interests.

#AcrossProtocol
ACX is a cryptocurrency operating on a dedicated blockchain platform. It has the following features:

# Properties
1. _Name_: Acinox (ACX)
2. _Symbol_: ACX
3. _Platform_: Acinox Blockchain
4. Purpose: Support the Acinox project, a platform for building blockchain applications.
5. Distribution: The currency is distributed through a private sale and a public sale.

# Features

The team at Across Protocol, which manages the cross-chain bridge on Ethereum, found itself at the center of a scandal after accusations of withdrawing $23 million from the DAO treasury. The allegations, made public on June 27, 2025, by Glue Network founder Ogl, claim that the team, notably CEO Hart Lambour and treasurer Kevin Chan, manipulated the DAO voting using secret wallets to transfer 150 million tokens $ACX (approximately $23 million) to Risk Labs, their private company. The first proposal in October 2023 called for the transfer of 100 million ACX, while the second, in 2024, added another 50 million for 'retroactive funding.'