🚨 DAO TREASURY LOOTED? @AcrossProtocol is accused of funnelling $23 MILLION from its DAO treasury into its own company, Risk Labs, using “underhanded governance voting tactics.” Pseudonymous negotiator @cryptogle is calling them a “DAO in name only.” What we know... 🧵

Ogle claims two votes, totaling $22.5M, were “secretly pushed through” by team-linked wallets, amounting to “self-dealing.” This raises serious questions about transparency and true decentralization in the #DeFi space.

Across Protocol's CEO Hart Lambur - @hal2001 - hit back, calling the claims “categorically untrue,” stating Risk Labs is non-profit and funds were for protocol development. He also refutes claims about voting addresses, saying they’re publicly linked or self-funded.

Despite Lambur’s rebuttal, $ACX token is down ~10% since the accusations surfaced. The drama escalated with rival LayerZero’s Brian Pellegrino - @PrimordialAA - chiming in, and Ogle being accused of insider trading on a $TRUMP memecoin. More ⤵️

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