- Across Protocol value dropped 11% in 24 hours, testing crucial help at $0.13.
- Declines come amid allegations that Across Protocol’s staff misappropriated $23 million in ACX tokens.
- The allegations are “lies”, in accordance with a response on X by an Across Protocol co-founder.
The Across Protocol, a cross-chain intents platform, has seen its native token ACX plunge 11% up to now 24 hours amid an alleged insider misconduct.
Market information reveals ACX value falling sharply to lows of $0.13. It coincides with allegations that the protocol’s staff manipulated governance proposals voting to learn from roughly $23 million in ACX tokens.
The claims have added important downward strain to Across Protocol’s value, at the same time as Bitcoin holds above $107k to bolster general sentiment.
Observers be aware that the claims might erode investor belief, together with in different decentralized autonomous organizations (DAOs).
Across Protocol staff allegedly misappropriated $23m ACX tokens
Allegations towards the Across Protocol staff emerged on X, raised by Ogle, co-founder of cross-chain Layer 1 Glue Community and advisor at World Liberty Monetary (WLFI).
Ogle shared the accusations in a put up on X early Friday, June 27, 2025.
The primary a part of the accusation is that the Across Protocol staff orchestrated a scheme to misappropriate $23 million in ACX tokens.
TLDR: Across Protocol/Bridge ($ACX) staff used secret votes to extract ~$23m from the Across DAO’s treasury for their very own non-public firm’s profit.
Background: I’ve many occasions posted about DAOs which can be DAOs “in name only” – that’s, organizations that fake to be run by “the…
— ogle | glue.web (@cryptogle) June 26, 2025
What occurred?
Based on the put up, the staff manipulated governance votes to switch 150 million ACX tokens to Danger Labs by two separate proposals.
The primary, in October 2023, allotted 100 million ACX tokens underneath the pretext of supporting future improvement, with assurances that the tokens wouldn’t be bought for 2 years.
Nevertheless, Ogle claims Danger Labs started promoting token choice agreements to exterior buyers shortly after.
A second vote in October 2024 secured 50 million ACX tokens for “retroactive funding.”
The vote allegedly handed resulting from votes from insider-controlled wallets. The vote would unlikely have handed with out the insider manipulation.
“More directly, the extraction of these $ACX tokens directly harms the current and future holders by not only draining the treasury, but also creating significant future potential sell pressure during the “unlocks,” Ogle wrote.
Notably, Hart Lambur, co-founder of Across Protocol dismissed the claims in a put up on X, responding to Ogle:
“The allegations in here are categorically untrue and I will vigorously defend our protocol and our team.”
Lambur mentioned his staff will reply totally to Ogle’s “lies.”
ACX value drops amid market response
The ACX token was already dealing with some sell-off strain having dropped from highs of $0.23 in late Could.
However the response to the allegations has helped push ACX decrease, with the token shedding 11% of its worth up to now 24 hours to see its losses up to now month attain 41%.
Knowledge from CoinMarketCap signifies that the Across Protocol value has declined by 14% over the previous week.
The declines, nevertheless, occur amid a broader crypto market that is still risky. Geopolitical and macroeconomic uncertainties are the main considerations.
