🕵️♂️ ALERT: Across Protocol DAO Accused of Vote Manipulation!
Pseudonymous crypto sleuth “Ogle” (founder of Glue) has raised serious red flags: the Across Protocol team allegedly used shadow wallets to steer DAO votes, enabling them to transfer a whopping $23 million in ACX tokens to their private company, Risk Labs. 
🔍 Spotlight on the Scandal
• Multiple votes (2023–2024) passed grant proposals—100m + 50m ACX (≈$23 M)—only by insider-linked wallets, not community consensus 
• Seen as a classic DAO-in-name-only situation—where a few insiders hijack governance 
📉 Fallout & Backlash
• ACX token plunged ~12% in a single day following news of alleged vote-rigging 
• Across Protocol leadership denies wrongdoing, insisting Risk Labs is a Cayman foundation, not a for-profit—and calls voting “transparent and on-chain” 
⚖️ Why This Matters
• 🔄 Demonstrates how governance tokens can be manipulated using hidden wallet networks
• 🚩 A cautionary tale: even decentralized systems require stronger checks and transparency
• 🌐 Highlights the growing need for voter verification, wallet transparency, and governance audits
🔮 Bottom Line:
DAO governance isn’t foolproof — and Across Protocol’s case shows how shadowy on-chain maneuvers can subvert community power. This scandal could spark stronger regulation and better safeguards for decentralized decision-making.
#AcrossProtocol #DAO #VoteManipulation #DeFi #CryptoGovernance #ACX #ShadowWallets #BlockchainTransparency #CryptoScandal #SmartMoney
