- Across Protocol’s price fell 11% in 24 hours, testing a critical support level at USD 0.13.
- The declines come amid allegations that the Across Protocol team improperly appropriated USD 23 million in ACX tokens.
- The accusations were called “lies” by an Across Protocol co-founder in a response on X.
Across Protocol, a cross-chain messaging platform, has seen its native token ACX drop sharply amid allegations of internal misconduct. Market data shows ACX plunged roughly 11% over 24 hours to test lows near $0.13 as claims surfaced that the protocol team manipulated governance proposals to benefit from approximately $23 million worth of ACX tokens.
These allegations have added downward pressure on Across Protocol’s price, even as Bitcoin remains strong and broader market sentiment is supported by higher-level crypto moves.
Observers warn that such claims, if substantiated, could erode investor confidence not only in Across but also in other decentralized autonomous organizations (DAOs) that rely on community governance.
Allegation: Across Protocol team allegedly appropriated $23 million in ACX tokens
The accusations emerged on X and were posted by Ogle, co-founder of the cross-chain layer-1 network Glue and advisor at World Liberty Financial (WLFI). Ogle published the claims in a thread on June 26, 2025, alleging that the Across team used secret or manipulated votes to extract roughly $23 million from the Across DAO treasury for the benefit of a private company.
TLDR: Across Protocol/Bridge ($ACX) team used secret votes to extract ~$23m from the Across DAO’s treasury for their own private company’s benefit.
Background: I’ve many times posted about DAOs that are DAOs “in name only” – that is, organizations that pretend to be run by “the…
— ogle | glue.net (@cryptogle) June 26, 2025
What happened?
According to the thread, the team allegedly engineered governance votes that transferred a total of 150 million ACX tokens to Risk Labs through two separate proposals. The first proposal, passed in October 2023, allocated 100 million ACX to support future development, with assurances the tokens would not be sold for two years. Ogle claims Risk Labs began selling token option agreements to outside investors shortly thereafter.
The second vote, in October 2024, allegedly granted an additional 50 million ACX for “retroactive funding.” Ogle asserts that both votes were passed with the help of wallets controlled by insiders, suggesting the measures would not have succeeded without internal manipulation.
“More directly, the extraction of these $ACX tokens directly harms current and future holders not only by draining the treasury but by creating significant potential future selling pressure during the ‘unlocks,’” Ogle wrote.
In response, Hart Lambur, a co-founder of Across Protocol, denied the accusations on X, calling them categorically false and pledging to vigorously defend the protocol and its team. Lambur stated the team will fully respond to what he described as “lies.”
ACX price reacts as market weighs the allegations
ACX was already under selling pressure after sliding from highs near $0.23 in late May. The recent accusations accelerated the decline, pushing ACX down about 11% over 24 hours and deepening its one-month losses to roughly 41%.
CoinMarketCap data shows Across Protocol’s token has lost about 14% over the past week. These declines come amid a broader, volatile crypto market where geopolitical and macroeconomic uncertainties remain key risk factors.
Investors and on-chain watchers will be monitoring any formal responses from Across Protocol and any additional evidence that could confirm or refute the allegations. Until clarity is provided, sentiment toward ACX and similar DAO-governed projects may remain cautious.