The recent situation surrounding the Across Protocol project has drawn attention to issues of decentralized organization governance. Glue founder Ogle raised concerns regarding potential voting manipulation in the DAO.
Hidden Wallet Scheme? Insider Influence in DAO Voting
Glue founder Ogle expressed serious concerns about the activities of the Across Protocol team. Allegations suggest that a network of hidden, insider-controlled wallets was used to create an illusion of broad community approval for a significant proposal, which diverted substantial funds directly to the private company Risk Labs.
$23 Million Moved—Where It Ended Up
According to Ogle's claims, the true intention behind the proposal was to funnel approximately $23 million from the DAO into Risk Labs. The scheme was reportedly well orchestrated, involving a web of wallets that each voted in favor of the grant, allowing the proposal to appear to have community endorsement and raising serious ethical and governance concerns.
Calls for Transparency: What the Community is Saying
The crypto community has reacted with shock and outrage, demanding that Across Protocol conduct a transparent audit of all related wallet activities and immediately halt any suspicious transactions. Some community members and on-chain analysts have requested a forensic blockchain review to trace the alleged trail of payments. Meanwhile, Across Protocol’s team has remained largely silent about the accusations.
These developments highlight the growing scrutiny of DAO governance. Ensuring that votes are truly decentralized and community-driven is crucial, especially when millions are at stake.
