Across Protocol Token Crashes 10% Today Amid $23M Team Misappropriation Allegations

Description

Across Protocol token crashes 10% amid $23M team misappropriation allegations involving manipulated governance votes and secret wallet transfers to Risk Labs.

Publish date

June 27, 2025

Publisher

CryptoNews

Web URL

https://cryptonews.com/news/across-protocol-token-crashes-10-today-amid-23m-team-misappropriation-allegations

Referenced by

Across Protocol DAO accused of $23M fund diversion

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News story

While Chan publicly submitted the proposal via his ‘KevinChan.Lens’ address, he allegedly cast a massive ‘yes’ vote from a separate ‘maxodds.eth’ wallet, traced back to him through his Friend.tech account and family member addresses.

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A year later, the team requested another $7.5 million in ‘retroactive funding.’ Chan’s secret wallets again accounted for 44% of the ‘yes’ votes.

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