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Today in crypto, Across Protocol founders have been accused of manipulating DAO governance to funnel $23 million in tokens to their affiliated for-profit company, Risk Labs, infrastructure attacks are responsible for most of the $2.1 billion in crypto stolen this year, and a judge denied Ripple and the US Securities and Exchange Commission’s (SEC) request to reduce a $125 million civil penalty.
The founders of the crosschain bridge Across Protocol have been accused of siphoning $23 million of funds to their own for-profit company.
In a Friday X thread, Ogle — the pseudonymous founder of layer-1 project Glue and onchain sleuth — accused some founders of Across Protocol of covertly manipulating decentralized autonomous organization (DAO) votes to fund their for-profit company, Risk Labs. Ogle accused the project of being among the “DAOs that are DAOs in name only.”
