Across Protocol co-founders respond to allegations regarding the use of $23 million in funds.

PANews June 27 news, Hart Lambur, co-founder of Across Protocol, responded today on social media to anonymous user Ogle’s accusations against his team and protocol. He stated that Ogle’s accusations are completely false and pointed out that Ogle has close ties with Across competitors LayerZero and StarGate. In response to Ogle’s accusation of “extracting $23 million from the DAO for personal benefit,” Lambur stated that Risk Labs is a nonprofit organization, and the use of funds is subject to strict legal oversight, with the funds already used for protocol development and team expansion. In addition, regarding the accusation of “manipulating the governance process through internal voting,” Lambur stated that team members purchasing ACX tokens and participating in voting is a legitimate and transparent act, with the relevant voting process being public and unopposed. He also refuted claims of “violating the token sale restriction commitments,” stating that these accusations are baseless. Lambur emphasized that Risk Labs is selling existing tokens, which are unrelated to the two-year lock-up period stipulated in the proposal, and all relevant tokens are still stored in Risk Labs’ multi-signature address. According to previous reports, Across was accused of having its team manipulate votes to withdraw $23 million from the DAO treasury for its private company.