27-6-2025 – Glue founder Ogle has levelled grave accusations against the Across Protocol team, alleging they orchestrated a scheme to siphon roughly $23 million from the protocol’s treasury through manipulated DAO votes. With a tone both measured and resolute, Ogle asserts that between 2023 and 2024, the Across team engineered a series of ballots, cloaked as ‘strategic investment’ and ‘retrospective funding’ initiatives.
These votes, he claims, facilitated the transfer of 150 million ACX tokens to Risk Labs, a for-profit entity established by the Across team themselves. Ogle contends that the voting process was far from transparent, accusing the team of deploying traceable addresses to skew outcomes in their favour.
He further revealed that, prior to going public, he extended multiple opportunities to both the Across team and Risk Labs to address the allegations or clarify any discrepancies. Their refusal to engage, he says, left him with no choice but to bring the matter into the open, ensuring the community is informed of the alleged misconduct.
TLDR: Across Protocol/Bridge ($ACX) team used secret votes to extract ~$23m from the Across DAO’s treasury for their own private company’s benefit.
Background: I’ve many times posted about DAOs that are DAOs “in name only” – that is, organizations that pretend to be run by “the…
— ogle | glue.net (@cryptogle) June 26, 2025
