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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.
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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