Across Protocol’s ACX token plummeted over 10% after serious allegations emerged accusing the team of misappropriating approximately $23 million from the DAO treasury. Claims point to manipulated governance votes and covert transfers of tokens to Risk Labs, a private entity founded by the protocol's own team. Despite denial from founder Hart Lambur, blockchain analysis suggests coordinated insider voting and early token sales involved in bypassing DAO rules. The incident has shaken community trust, causing the token to lose over 40% of its value in one month, mirroring similar high-profile crypto scandals involving insider misconduct.
Continue to read Across Protocol Faces Severe Backlash After $23M DAO Fund Misuse Allegations Cause Token Plunge
Across Protocol’s ACX token plummeted over 10% after serious allegations emerged accusing the team of misappropriating approximately $23 million from the DAO treasury. Claims point to manipulated governance votes and covert transfers of tokens to Risk Labs, a private entity founded by the protocol's own team. Despite denial from founder Hart Lambur, blockchain analysis suggests coordinated insider voting and early token sales involved in bypassing DAO rules. The incident has shaken community trust, causing the token to lose over 40% of its value in one month, mirroring similar high-profile crypto scandals involving insider misconduct.
Continue to read Across Protocol Faces Severe Backlash After $23M DAO Fund Misuse Allegations Cause Token Plunge
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