The post Across Co-founder Denies Fund Misappropriation Allegations appeared on BitcoinEthereumNews.com.

Key Points: Accusation of $23M fund misappropriation by Across leader. Hart Lambur denies allegations, cites protocol transparency. ACX token price dropped following accusations. Hart Lambur, Across co-founder, denied accusations of misappropriating $23 million, emphasizing compliance with Cayman law and DAO practices. The allegations impact Across’s governance and market perception, particularly the dynamics of DAO transparency and insider participation. Allegations of Misuse and Their Impact on Across Protocol Ogle, GlueNet co-founder, alleged vote manipulation and fund siphoning at Across Protocol. Hart Lambur countered these claims, emphasizing compliance with DAO standards and transparent voting practices. Lambur highlighted the publicly available wallets and nonprofit fund application for protocol enhancements, including Across v3 and v4 development. Market reaction included a drop in ACX token price. Hart Lambur’s public statements clarified his $100,000 salary and absence of token rewards, stressing nonprofit adherence. The community responded with mixed opinions, ranging from support for accused leadership to advocacy for a comprehensive audit. “My team is free to buy tokens and privately vote in proposals, just like every other DAO out there. The addresses used are publicly disclosed and publicly linked. The accusations are categorically untrue.” – Hart Lambur, Co-founder, Across Protocol (source). Hart asserted, “The team can freely use purchased tokens for proposals, similar to other DAOs,”. Ogle stands firm on his claims, contributing to broader debate over insider advantages within DAOs. ACX Token Price Decline and Market Analysis Did you know? Insider-driven challenges have affected DAOs sector-wide in 2025, sparking reforms and legal checks. According to CoinMarketCap, Across Protocol’s governance token, ACX, currently trades at $0.13, spotlighting a 24-hour volume decline of 47.90%. The token experienced a 45.70% drop in 90 days, while its market cap stands at approximately $59.24 million. Across Protocol(ACX), daily chart, screenshot on CoinMarketCap at 20:20 UTC on June 28, 2025. Source:…

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Filed under: News - @ June 28, 2025 8:26 pm