Across is accused of having its team manipulate votes to withdraw $23 million from the DAO treasury for its private company.

PANews June 27 news, GlueNet co-founder Ogle stated on platform X that the cross-chain protocol Across Protocol team is suspected of using secret voting to withdraw about $23 million from the Across DAO treasury for its private company Risk Labs. In October 2023, Kevin Chan, the project leader of Across, submitted a proposal to the DAO to transfer 100 million ACX Tokens (currently worth about $15 million) to Risk Labs, claiming this was a strategic investment for the future of Across Protocol, and promised that the tokens would not be sold for two years. However, on-chain analysis shows that Kevin and team members used multiple secret wallets to participate in the voting, creating a false impression of widespread community support. Less than a year later, the team proposed a “retroactive grant” request for 50 million $ACX (currently worth about $7.5 million). Even more concerning is that the team has been accused of selling the token options agreement from the first proposal to “strategic investors” without disclosure, contrary to the initial commitment. Ogle believes this action harms the interests of ACX holders and exacerbates future selling pressure. He emphasized that the DAO should prohibit internal personnel from voting on their own proposals, and any voting must disclose conflicts of interest. The crypto field has many chaos in DAOs, with significant internal threats, and the industry urgently needs to strengthen governance.