ACX Token Slides 10% as Accusations of DAO Manipulation Rock Across Protocol

Accusations of governance manipulation and insider trading person rocked Across Protocol’s ACX token connected Friday aft well-followed X users alleged that halfway contributors front-ran a Binance listing and inactive power the supposedly decentralized DAO.

However, the squad swiftly denied immoderate specified claims.

Across Protocol’s token, ACX, is down 10% amid the drama. The allegations, whether substantiated oregon not, look to person shaken trader confidence, with ACX seeing a spike successful trading measurement alongside the terms drop, suggesting marketplace participants are reacting swiftly.

Across co-founder Hart Lambur has called the accusations “categorically untrue” and denied each misdoings.

“Risk Labs was granted ACX tokens from the DAO to physique the Across protocol,” helium wrote successful a Friday post. “This is modular signifier for DAOs! Since the archetypal assistance passed (in October 2023), we shipped Across v3 and grew the protocol massively.”

“Since the 2nd assistance passed (in October 2024), we person built Across v4 with immoderate unthinkable caller exertion (to beryllium announced very, precise soon), and we’ve hired superb caller squad members with these tokens (that vest implicit 4 years). We are utilizing the ACX tokens precisely arsenic intended,” Lambur added.