Allegations Leveled against Across Protocol Team over $23M Transfer; Co-Founder Rebuts
Crypto investigator, Ogle, accuses the Across Protocol team, including project lead Kevin Chan and CEO Hart Lambur, of transferring about $23 million from the Across DAO treasury to their private company, Risk Labs. The allegations suggest that the team manipulated DAO votes using undisclosed wallets, thus breaching core DAO principles. The team is also accused of proposing and passing grants to their private company while maintaining a veneer of community governance.
Lambur has responded to the allegations, describing them as "completely untrue" and asserting that Risk Labs operates under fiduciary responsibilities. He also stressed that the DAO proposals followed transparent processes and that team members are allowed to buy ACX tokens and vote in DAO proposals without revealing all wallet addresses.