- Across Protocol price dropped 11% in 24 hours, testing critical support at $0.13.
- Declines come amid allegations that Across Protocol’s team misappropriated $23 million in ACX tokens.
- The allegations are “lies”, according to a response on X by an Across Protocol co-founder.
The Across Protocol, a cross-chain intents platform, has seen its native token ACX plunge 11% in the past 24 hours amid an alleged insider misconduct.
Market data shows ACX price falling sharply to lows of $0.13. It coincides with allegations that the protocol’s team manipulated governance proposals voting to benefit from approximately $23 million in ACX tokens.
The claims have added significant downward pressure to Across Protocol’s price, even as Bitcoin holds above $107k to bolster overall sentiment.
Observers note that the claims could erode investor trust, including in other decentralized autonomous organizations (DAOs).
Across Protocol team allegedly misappropriated $23m ACX tokens
Allegations against the Across Protocol team emerged on X, raised by Ogle, co-founder of cross-chain Layer 1 Glue Network and advisor at World Liberty Financial (WLFI).
Ogle shared the accusations in a post on X early Friday, June 27, 2025.
The main part of the accusation is that the Across Protocol team orchestrated a scheme to misappropriate $23 million in ACX tokens.
TLDR: Across Protocol/Bridge ($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 post, the team manipulated governance votes to transfer 150 million ACX tokens to Risk Labs through two separate proposals.
The first, in Octobe