The co-founder of Across refuted allegations of fund misappropriation and vote manipulation, emphasizing compliance in fund management.

2025-06-29 12:41:55

Gate News bot news, Across co-founder Hart Lambur recently made a statement denying the allegations of fund misappropriation and vote manipulation made by the founder of Glue.

Regarding the accusation of “illegally withdrawing 23 million dollars for personal benefit,” Hart explained that Risk Labs is a non-profit foundation governed by Cayman law, with funds used for protocol development. He stated that his annual salary is only 100,000 dollars, and he has not received token rewards. The use of funds complies with DAO practices and has facilitated the development of Across v3 and v4.

In response to the accusation of “the governance process being manipulated by internal personnel,” Hart stated that team members are free to vote with the tokens they have purchased. He pointed out that Kevin’s wallet (maxodds.eth) is public, Reinis’s vote is also legitimate, and the proposal passed without opposition, making the entire process transparent.

Previously, Glue founder Ogle accused the Across Protocol team of manipulating DAO votes through privacy means, misappropriating approximately $23 million from the protocol’s treasury.

BOT-2.19%

ETH-2.5%

ACX0.7%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.