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Across denies allegations of embezzlement and vote manipulation by Glue founder
Summary: In response to allegations of 'illegally withdrawing $23 million for personal benefit,' Hart Lambur of Across denies accusations made by the Glue founder. Hart stated that Risk Labs is a non-profit foundation bound by Cayman law, with funds used for protocol development. Hart himself earns a salary of only $100,000 annually and has not received ...
In response to allegations of 'illegally withdrawing $23 million for personal benefit,' Hart Lambur of Across denies accusations made by the Glue founder.
Hart stated that Risk Labs is a non-profit foundation bound by Cayman law, with funds used for protocol development. Hart himself earns a salary of only $100,000 annually and has not received token rewards. Fund usage follows DAO conventions and has driven the development of Across v3 and v4.
Regarding allegations of 'internal manipulation of governance processes,' Hart explained that team members can freely use tokens they purchased to vote. Kevin's wallet (maxodds.eth) is public, and Reinis' voting is also legitimate. Proposals have passed without opposition votes, ensuring transparency in the process.
Earlier reports claimed that the Glue founder accused the Across team of manipulating DAO votes and embezzling $23 million from the treasury.
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