Across Protocol Token Crashes 10% Today Amid $23M Team
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Across Protocol token crashes 10% amid $23M team misappropriation allegations involving manipulated governance votes and secret wallet transfers to Risk Labs.
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Anas Hassan
Crypto Journalist
Anas Hassan
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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Last updated:
June 27, 2025
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The Across Protocol team faces serious allegations of misappropriating approximately $23 million from their Decentralized Autonomous Organization (DAO) treasury through allegedly manipulated governance votes, according to claims made public on June 27.
The Ethereum-based cross-chain bridge protocol stands accused of transferring funds to Risk Labs, a private for-profit company founded by the same team behind Across Protocol.
Web3 Advisor Drops Bombshell on Across Protocol Fraud.
The allegations originated from Ogle, founder of Glue Net and advisor to Trump-affiliated World Liberty Financial (WLFI), who claimed the Across Protocol team orchestrated the transfer of 150 million ACX tokens (valued at $23 million) to Risk Labs under the pretense of “strategic investment” and “retroactive funding.”
According to Ogle’s analysis, the protocol’s co-founders and insiders allegedly manipulated governance proposals, circumventing the DAO’s democratic decision-making process to extract tokens from the...
https://cryptonews.com/news/across-protocol-token-crashes-10-today-amid-23m-team-misappropriation-allegations/
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