Across Protocol DAO under fire over $23M fund misuse claims

Description

Across Protocol founders are accused of manipulating DAO governance to funnel $23 million in tokens to their affiliated for-profit company, Risk Labs.

Authors

Adrian Zmudzinski

Publish date

June 27, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/across-protocol-founders-accused-of-funneling-23m-to-own-company

Referenced by

Across Protocol DAO accused of $23M fund diversion

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News story

The first DAO proposal was approved two years ago and saw 13.1 million worth of tokenholders voting in favor, approving the proposal with over 97% of the vote.

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The founders of the cross-chain bridge Across Protocol have been accused of siphoning $23 million of funds to their own for-profit company.

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