Across Protocol DAO under fire over $23M fund misuse claims
The founders of Across Protocol, a crosschain bridge, face allegations of misappropriating $23 million to their for-profit company, Risk Labs. The claims were made by Ogle, a pseudonymous figure in the blockchain community, who suggested that the founders manipulated DAO votes to secure funding. Hart Lambur, co-founder of both companies, denied the allegations, asserting that Risk Labs operates as a nonprofit in the Cayman Islands without shareholders. Despite providing documentation of the company's status, doubts about its nonprofit claims remain, as it is not listed among recognized organizations. Ogle pointed out that the DAO proposals did not guarantee the intended use of the funds and indicated a potential conflict of interest in the voting process. Lambur criticized Ogle's credibility, citing ties to competing projects and defending the legitimacy of his team's voting actions in the DAO. Cointelegraph reached out to Ogle for further comments but did not receive a response by publication time.
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