Across is accused of manipulating voting to withdraw $23 million from DAO vaults for its private company

GlueNet co-founder Ogle posted on X platform that the Cross Protocol team is suspected of using secret voting to extract approximately $23 million from the Across DAO vault for their private company Risk Labs. In October 2023, Across project leader Kevin Chan submitted a proposal to DAO to transfer 100 million ACX tokens (currently worth approximately $15 million) to Risk Labs, claiming it was a strategic investment in the future of Across Protocol and promising that the tokens would not be sold within two years. However, on chain analysis shows that Kevin and team members used multiple secret wallets to participate in voting, creating the illusion of widespread community support. Less than a year later, the team once again requested a "retroactive grant" of 50 million ACX (currently worth approximately $7.5 million). What is even more worrying is that the team has been accused of selling the token option agreement in the first proposal to "strategic investors" without disclosure, which contradicts the initial commitment. Ogle believes that this move harms the interests of ACX holders and exacerbates future selling pressure. He emphasized that DAOs should prohibit internal personnel from voting on their own proposals, and if voting is required, conflicts of interest must be disclosed. There is a lot of chaos and internal threats in the DAO field of encryption, and the industry urgently needs to strengthen governance.