Founders of Across Protocol accused of diverting $23 million to for-profit company

From Cointelegraph

June 27, 2025 08:15 AM:

The founders of Across Protocol are accused of diverting $23 million to their for-profit company. Ogle claims that DAO votes were manipulated to fund Risk Labs. Hart Lambur denies accusations, stating Risk Labs is a nonprofit with fiduciary obligations. Questions arise over the nonprofit status of the company in the Cayman Islands.

Ogle alleges that the founders manipulated DAO proposals to extract $23 million. The first proposal saw 13.1 million tokens approved. The second proposal requested 50 million tokens for “retroactive funding.” ACX tokens lost value, now trading at $0.1362. Ogle claims no formal agreements were made for the funds.

Lambur refutes claims, stating that team members acquired tokens with personal funds. He denies secret voting addresses and labels accusations as untrue. Lambur questions Ogle’s credibility and potential conflicts of interest with competing projects. Ogle did not respond to requests for further comment.

Read more at Cointelegraph.: Across Protocol Team Accused of Moving $23M to Own Company