The second DAO proposal saw Risk Labs ask the DAO for 50 million ACX tokens for ‘retroactive funding’ a year later.
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Across Protocol DAO under fire over $23M fund misuse claims
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Across Protocol DAO approved a second governance proposal in October 2024 that granted Risk Labs 50 million ACX labelled “retroactive funding”; later on-chain forensics revealed insider-controlled wallets were critical to the proposal’s passage.
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Ogle alleged that the Across Protocol DAO’s second governance proposal in October 2024 awarded Risk Labs 50 million ACX as “retroactive funding” without any binding obligation to spend the tokens on Across, and that the measure passed only because insider-controlled wallets tied to Risk Labs personnel cast decisive “yes” votes.
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