Recent allegations against the crypto project Across regarding the supposed transfer of significant funds from its DAO have raised serious concerns within the cryptocurrency community.
Accusations Against the Across Team
Crypto commentator Ogle has claimed that key wallet addresses connected to the Across team orchestrated a series of governance votes to transfer funds. He stated that $15 million and $7.5 million were moved to Risk Labs, calling the DAO a mere façade controlled by insiders. He characterized the actions as self-serving and opaque.
Responses from the Project Representatives
Across CEO Hart Lambur responded to the accusations, labeling them as "completely false." He emphasized that the transfers were legitimate funding for protocol upgrades, with all voting conducted transparently. Lambur also criticized the tone of the allegations and questioned Ogle's credibility, citing past controversy involving the TRUMP memecoin.
Community Reaction and Consequences
The feud quickly escalated when LayerZero co-founder Brian Pellegrino joined in, suggesting Lambur purchased ACX ahead of its Binance listing. Lambur denied the charge, stating that the team learned of the listing afterward. Despite Ogle admitting some uncertainty in his findings, he insisted that the situation raises serious questions about governance integrity. Following these revelations, the ACX token fell about 10%.
The accusations against the Across project raise serious questions about the transparency and integrity of decentralized autonomous organizations (DAOs), revealing complex political dynamics in the cryptocurrency world.
