Across Alliance Issues Statement Denying Misappropriation of Funds and Vote Manipulation Allegations by Glue Founder

BlockBeats News, June 27th, Across co-founder Hart Lambur published a post denying the embezzlement and vote manipulation accusations made by Glue's founder.

Regarding the accusation of "unlawfully withdrawing $23 million for personal benefit," Hart stated that Risk Labs is a non-profit foundation governed by Cayman law, and the funds are used for protocol development. Hart himself has a modest annual salary of only $100,000 and has not received any token rewards. The fund usage is in line with DAO practices and has supported the development of Across v3 and v4.

As for the accusation of "governance process being manipulated by insiders," Hart mentioned that team members are free to use the tokens they purchased to vote. Kevin's wallet (maxodds.eth) is public, and Reinis's vote is also legitimate. The proposals passed without any opposing votes, and the process is transparent.

Earlier, Glue's founder Ogle posted on social media accusing the Across Protocol team of using privacy to manipulate DAO voting and embezzle around $23 million from the protocol treasury.