Hart Lambur, co-founder of Across Protocol, denied the allegations made by the anonymous user Ogle against his team, emphasizing that the accusations are false and pointing out Ogle's close relationship with competitors. He stated that the use of funds complies with legal regulations and that the team's voting process is transparent, refuting claims of violating the lock-up period.

Gate News bot reported that on Friday, the ACX Token of Across Protocol was impacted due to allegations of governance manipulation and insider trading. Previously, some community members on X claimed that core contributors were front-running the coin on CEX and still controlled the DAO, which was supposed to be decentralized. However, the team quickly denied any such allegations.

Gate News Bot message, June 27, according to CoinMarketCap data, as of the time of writing, ACX (Across Protocol) is currently reported at $0.14, having fallen by 10.92% in the last 24 hours, with a high of $0.16 and a low of $0.13. The current market capitalization is approximately $60.1 million, a decrease of $7.364 million compared to yesterday. Important news about ACX recently:

According to BlockBeats news, on June 27, Across co-founder Hart Lambur published a post denying the allegations of embezzlement and vote manipulation raised by the founder of Glue. In response to the accusation of "illegally withdrawing $23 million for personal gain," Hart stated that Risk Labs is a non-profit foundation governed by Cayman law, and the funds are used for protocol development. Hart himself has an annual salary of only $100,000 and has not received any token rewards. The use of funds complies with DAO practices and has promoted the development of Across v3 and v4. Regarding the allegation of "the governance process being manipulated by internal personnel," Hart stated that team members are free to vote with their own purchased tokens.

According to Gate News bot, PANews reported that Ogle, co-founder of GlueNet, stated on platform X that the cross-chain protocol Across Protocol team is suspected of using secret voting to withdraw approximately 23 million USD from the Across DAO treasury for their private company Risk Labs.

GlueNet co-founder Ogle accused the Across Protocol team of using secret voting to extract $23 million from the DAO treasury for a private company, failing to fulfill promises to ACX holders. This behavior harms the interests of holders and suggests that the DAO needs to strengthen governance to prevent internal personnel quota voting and conflicts of interest.

Odaily News Glue founder Ogle published a long article today on X, accusing the Across Protocol team of manipulating DAO votes through privacy to steal approximately 23 million dollars from the protocol treasury. Ogle mentioned that the Across team initiated multiple votes in 2023 and 2024, proposing to transfer a total of 150 million ACX to the profit-making company Risk established by the Across team under the names of "strategic investment" and "retrospective funding."

According to Gate news and TapChiBitcoin, the last week of June will see a wave of strong Token unlocks, with a total value of up to 84.64 million dollars. Three well-known projects, Blast (BLAST), Venom (VENOM), and Across Protocol (ACX), will simultaneously release a large amount of previously locked Tokens into circulation. Unlock events typically lead to significant market Fluctuation. Therefore, the influx of new supply may result in substantial price Fluctuation.

Co-founder Hart Lambur of Across Protocol proposed to permanently set a 10 billion supply cap for the ACX Token and relinquish all ownership control of the Token by setting it to the 0x0 Address, in order to prevent any minting or burning operations on the Token supply. The proposal has received wide support from the community and is undergoing a temperature check vote, with a support rate as high as 99.5%. Earlier, the CEO of LayerZero pointed out that the ACX Token contract had some issues, including exposing the ability to burn tokens and unlimited minting capabilities.

Co-founder Hart Lambur proposed to fix the total supply of ACXToken at 1 billion, and obtained community approval. This is to prevent unauthorized Tokenmint affecting the ACX ERC20Token contract, and to maintain the spirit of Decentralization and transparency. This change does not require any modification to the ACX contract, only the abandonment of Across Governance ownership of the ACXToken contract, to prevent any party from changing the Token supply through minting or burning in the future.

There may be vulnerabilities in the LayerZero team's protocol contract, allowing the contract owner to withdraw tokens or deplete the StarGate pool. Security company Trust Security and LayerZero's CEO have both warned of this vulnerability, with the former requesting a bounty of over $400 million and the latter offering 10% of the risk capital as a reward.

According to Gate news from Cryptonews, the altcoin market is about to experience a turbulent week, as some significant events that will affect market price rises and falls are set to occur in the coming days. Several projects worth following this week include Mango Network (MGO), AirSwap (AST), Blast (BLAST), Injective (INJ), Across Protocol (ACX), Optimism (OP), Berachain (BERA), and Synthetix (SNX).

LayerZero CEO pointed out on social media that there are critical issues with the Across Protocol Token contract, which mistakenly exposes a functionality that should have been an internal private function, allowing the contract owner to withdraw Tokens from any wallet and arbitrarily zero out the account balance. Additionally, both the Across Protocol and UMA Protocol contracts have the ability to mint an unlimited number of Tokens. The solution is to transfer the contract ownership to a new Smart Contract to prevent excessive issuance and ensure that the new contract does not include the functionality to transfer ownership. The new contract must be immutable.

BlockBeats news, on December 18th, according to market information, mainstream altcoins are generally falling, with LDO, EIGEN and others falling by more than 10%. Among them: ACX has a 24-hour drop of 16.66% and is now priced at $0.6624; SCR has a 24-hour drop of 13.21% and is now priced at $1.038; VELO has a 24-hour drop of 11.51% and is now priced at $0.1863; LDO has a 24-hour drop of 10.54% and is now priced at $2.054; EIGEN has a 24-hour drop of 10.86% and is now priced at $4.963.

BlockBeats news, on September 14th, Across DAO announced on social media that its proposal to reduce emissions from specific Mining Pools (including ACX LP, wstETH/ACX LP, WBTC LP) is now available on Snapshot.