Ogle Claims Across Protocol Used Secret Votes to Extract $23 Million From DAO - Unchained

Glue’s pseudonymous founder Ogle has publicly accused the Across Protocol team of manipulating DAO votes and extracting around $23 million from the DAO treasury.

In a post on X, Ogle said the Across team used secret wallets to influence DAO voting outcomes, enabling them to transfer funds from the DAO treasury to a private company associated with the team.

One alleged example includes an October 2023 proposal that requested 100 million ACX (valued at around $15 million at the time) to be sent to Risk Labs, the core development company behind Across.


This story is an excerpt from the Unchained Daily newsletter.

Subscribe here to get these updates in your email for free


Ogle claims that the main project lead, Kevin Chan, used his public wallet to submit the proposal but then used a different, less obvious wallet (maxodds.eth) to cast a large “yes” vote. The second-largest voting wallet was linked to Hart Lambur, founder of both Risk Labs and Across.

Almost a year later, another proposal asked for 50 million more ACX tokens, worth around $7.5 million. Once again, secret wallets controlled by the team reportedly made up a huge portion of the “yes” votes—enough to push the proposal past the required quorum.

“The allegations in here are categorically untrue and I will vigorously defend our protocol and our team,” Across’ Lambur said in response to the post

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)