Across Protocol token plunges amid allegations of $23M misappropriation by team

Description

ACX, the native token of Across Protocol, has dropped sharply following serious allegations of insider self-dealing involving $23 million in decentralized autonomous organization funds.

Authors

Leon Okwatch

Publish date

June 27, 2025

Publisher

Crypto.News

Web URL

https://crypto.news/across-protocol-token-plunges-23m-misappropriation-2025

Referenced by

Across Protocol DAO accused of $23M fund diversion

Crypto news

News story

A second vote, for ‘retroactive funding’ of 50 million ACX, passed primarily due to insider-controlled wallets. Without those votes, it would not have reached quorum.

Crypto news

Quote

The first vote in October 2023 granted 100 million ACX under the pretense of future development support, with claims that the tokens would not be sold for two years.

Crypto news

Quote