🚨 𝗔𝗖𝗫 𝗧𝗮𝗸𝗲𝘀 𝗮 𝗛𝗶𝘁: $𝟮𝟯𝗠 𝗠𝗶𝘀𝘂𝘀𝗲 𝗖𝗹𝗮𝗶𝗺𝘀 𝗦𝗽𝗮𝗿𝗸 𝗧𝘂𝗿𝗺𝗼𝗶𝗹

🔍 What’s Going On?

Across Protocol — a cross-chain bridge project — is under fire. Its token ACX just dropped to $0.13, losing over 11% in one day. The trigger? A public accusation claiming the team manipulated governance votes to gain $23 million in tokens.

🧨 The claims were made by Ogle, co-founder of Glue Network and an advisor at WLFI, who says Across insiders used two votes to funnel 150 million ACX tokens into a dev team fund — then broke promises not to sell them.

🧾 Timeline of Alleged Moves:

Oct 2023: First proposal granted 100M ACX “for future development,” with a promise not to sell.

Ogle says: The team sold token options anyway.

Oct 2024: Second vote passed 50M ACX under “retroactive funding.”

Allegation: Insider-controlled wallets pushed the vote through.

Ogle warns this could hurt all current and future ACX holders, increasing sell pressure and draining the treasury.

🛡️ Team Response

Across Protocol co-founder Hart Lambur fired back, calling the claims:

“Categorically untrue… I will vigorously defend our protocol and our team.”

He promised a detailed reply soon, calling the accusations false and misleading.

📉 Market Reaction

ACX was already weak, falling from $0.23 in May to $0.13 now. After the controversy, it:

🔻 Lost 11% in 24 hours

🔻 Down 14% this week

🔻 Down 41% in a month

All this while Bitcoin stays stable above $107K, showing that ACX’s crash is project-specific.

⚠️ Why This Matters

🔹 Governance trust is fragile.

🔹 If true, it could affect other DAOs and cross-chain projects.

🔹 If false, Across needs transparency fast to restore confidence.

📌 Final Thought

Across Protocol now faces its biggest credibility test yet. Whether it rebounds or unravels will depend on how the team handles this storm — and how the community responds.