In a dramatic turn of events, Across Protocol co-founder Hart Lambur has vehemently denied allegations of $23 million ACX token misuse, calling them completely baseless. The cryptocurrency community was rocked when an anonymous accuser named Ogle made explosive claims about DAO funds mismanagement and governance manipulation.
Across Protocol Faces $23M ACX Token Misuse Allegations
Hart Lambur took to X (formerly Twitter) to address what he called “false accusations” against his team. The controversy centers around claims that Across Protocol’s parent organization Risk Labs improperly handled DAO funds. Lambur stressed that:
- Risk Labs remains legally bound to proper fund usage
- All granted ACX tokens are still held by the organization
- No tokens were sold or misappropriated
DAO Funds Governance Process Defended
The Across Protocol team faced additional accusations of manipulating governance votes. Lambur provided a detailed rebuttal:
| Accusation | Response |
|---|---|
| Vote manipulation | Tokens purchased on open market |
| Lack of transparency | Publicly linked wallets used |
| Rushed decision | 7-day voting window with open discussion |
ACX Token Controversy Sparks Governance Debate
Lambur acknowledged room for improvement in disclosure practices, promising clearer information in future proposals. The incident has raised important questions about:
- DAO governance transparency
- Accountability in decentralized organizations
- Handling of anonymous allegations
Hart Lambur’s Fiery Defense of Across Protocol
The co-founder concluded with a passionate defense of his team’s integrity, urging critics to verify facts before making public claims. This incident highlights the growing pains of decentralized governance as blockchain projects scale.
FAQs About the Across Protocol Allegations
Q: What were the main allegations against Across Protocol?
A: An anonymous user accused the team of misusing $23M in ACX tokens and manipulating governance votes.
Q: How did Hart Lambur respond to the DAO funds allegations?
A: He stated Risk Labs legally must use funds properly and still holds all granted tokens.
Q: Were any ACX tokens sold improperly?
A: Lambur confirmed no granted tokens were sold and the process was transparent.
Q: What changes will Across Protocol make after this incident?
A: Future proposals will include clearer disclosures about team voting participation.
Q: How long was the voting window for the disputed proposal?
A: The proposal had a 7-day voting window with open discussion beforehand.
