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- 🎉 Gate US Stock Token Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
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📅 July 3, 7:00
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💬 What derivatives or other products have you recently traded
Across has denied the allegations of fund misappropriation and vote manipulation made by the founder of Glue.
According to BlockBeats news, on June 27, Across co-founder Hart Lambur published a post denying the accusations made by Glue founder regarding misappropriation of funds and vote manipulation. In response to the accusation of "illegally extracting $23 million for personal benefit," Hart stated that Risk Labs is a non-profit foundation governed by Cayman law, and the funds are used for protocol development. Hart's annual salary is only $100,000, and he has not received any token rewards. The use of funds complies with DAO norms, and has facilitated the development of Across v3 and v4. Regarding the accusation of "internal manipulation of the governance process," Hart indicated that team members are free to vote using their purchased tokens, Kevin's wallet (maxodds.eth) is public, and Reinis's vote is also legitimate. The proposal passed without opposition, and the process is transparent. Previously, Glue founder Ogle had posted on social media accusing the Across Protocol team of manipulating DAO voting through privacy measures, misappropriating approximately $23 million from the protocol treasury.