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

Gate News bot reported that according to PANews, GlueNet co-founder Ogle stated on platform X that the cross-chain protocol Across Protocol team is suspected of using secret voting to withdraw approximately 23 million US dollars from the Across DAO treasury for their 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 valued at approximately $15 million) to Risk Labs, claiming it was a strategic investment in 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 the illusion of widespread community support.

Less than a year later, the team again raised the demand for “retroactive funding,” requesting 50 million $ACX (currently worth about 7.5 million USD). Even more concerning is that the team has been accused of selling the token option agreement from the first proposal to “strategic investors” without disclosure, contradicting the original commitment. Ogle believes that this move harms the interests of ACX holders and exacerbates future selling pressure. He emphasized that the DAO should prohibit internal members from voting on their own proposals, and any conflicts of interest must be disclosed if voting is necessary. The crypto sector faces many issues with DAOs, and internal threats are significant, making it urgent for the industry to strengthen governance.