🚨 DAO TREASURY LOOTED?
@AcrossProtocol is accused of funnelling $23 MILLION from its DAO treasury into its own company, Risk Labs, using “underhanded governance voting tactics.”
Pseudonymous negotiator @cryptogle is calling them a “DAO in name only.”
What we know... 🧵
Ogle claims two votes, totaling $22.5M, were “secretly pushed through” by team-linked wallets, amounting to “self-dealing.”
This raises serious questions about transparency and true decentralization in the #DeFi space.
Across Protocol's CEO Hart Lambur - @hal2001 - hit back, calling the claims “categorically untrue,” stating Risk Labs is non-profit and funds were for protocol development.
He also refutes claims about voting addresses, saying they’re publicly linked or self-funded.
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