Across Protocol DAO under fire over $23M fund misuse claims
Across Protocol founders are accused of manipulating DAO governance to funnel $23 million in tokens to their affiliated for-profit company, Risk Labs.
The founders of the crosschain bridge Across Protocol have been accused of siphoning $23 million of funds to their own for-profit company.
In a Friday X thread, Ogle — the pseudonymous founder of layer-1 project Glue and onchain sleuth — accused some founders of Across Protocol of covertly manipulating decentralized autonomous organization (DAO) votes to fund their for-profit company, Risk Labs. Ogle accused the project of being among the “DAOs that are DAOs in name only.”
Hart Lambur, who founded both Risk Labs and Across, denied the claims in a separate post. He said that Risk Labs is a Cayman Islands-based nonprofit with no shareholders. He shared a certificate of incorporation and claimed that the company operates under fiduciary obligations.
