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.'
These accusations caused a sharp decline of the ACX token by 10–12%, to $0.13, deepening the monthly losses to 41%. Trading volume increased by 75%, indicating panic among investors. Lambour categorically dismissed the accusations, stating that the funds were used for the development of the Across v3 and v4 protocols. The scandal raises questions about trust in the DAO and the transparency of decentralized governance, impacting the project's reputation.
#AcrossProtocol #ACX #DAOScandal #crypto #blockchain
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