- Main event, leadership changes, market impact, financial shifts, or expert insights.
- ACX token plummets 10% after allegations.
- Market confidence in ACX remains fragile amid controversy.
Amid allegations of misappropriating $23 million, the ACX token of Across Protocol plunged 10% on June 27, 2025.
Across Protocol’s CEO, Hart Lambur, firmly denies claims of misappropriation involving ACX tokens, emphasizing compliance with governance. The allegations led to a notable price drop of ACX, indicating market skepticism.
“Risk Labs was granted ACX tokens from the DAO to build the Across protocol. This is standard practice for DAOs!… We are using the ACX tokens exactly as intended.” — Hart Lambur, Co-founder, Across Protocol
Hart Lambur, a pivotal figure in the DeFi landscape, is embroiled in accusations about token misuse from Across Protocol’s DAO funds.
The allegations surfaced when an on-chain analysis suggested impropriety in transferring 150 million ACX tokens.
Market reactions include a notable 10% decline in the ACX token, reflecting eroded confidence among traders. The fallout underscores challenges in managing decentralized financial governance.
Potential outcomes involve heightened regulatory scrutiny and demands for improved transparency in token management. Similar governance disputes have historically led to temporary market disruptions but also stricter safeguards. ACX could see fluctuating staking and liquidity dynamics amid ongoing uncertainty.
