ACX Token Slides 10% as Accusations of DAO Manipulation Rock Across Protocol
Accusations of governance manipulation and insider trading have rocked Across Protocol’s ACX token on Friday after well-followed X users alleged that core contributors front-ran a Binance listing and still control the supposedly decentralized DAO.
However, the team swiftly denied any such claims.
Across Protocol’s token, ACX, is down 10% amid the drama. The allegations, whether substantiated or not, appear to have shaken trader confidence, with ACX seeing a spike in trading volume alongside the price drop, suggesting market participants are reacting swiftly.
Across co-founder Hart Lambur has called the accusations “categorically untrue” and denied all misdoings.
“Risk Labs was granted ACX tokens from the DAO to build the Across protocol,” he wrote in a Friday post. “This is standard practice for DAOs! Since the first grant passed (in October 2023), we shipped Across v3 and grew the protocol massively.”
“Since the second grant passed (in October 2024), we have built Across v4 with some incredible new technology (to be announced very, very soon), and we’ve hired brilliant new team members with these tokens (that vest over 4 years). We are using the ACX tokens exactly as intended,” Lambur added.
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The 10% slide in ACX Token prices adds to the ongoing controversy, as accusations of DAO (Decentralized Autonomous Organization) manipulation rock across various protocols. It highlights concerns around transparency and accountability within decentralized finance.
Acusations of DAO manipulation rocking across the protocol have caused a 10% slump in ACX Token prices, indicating deeper implications for decentralized finance (DeFi) transparency and stability.
The 10% slide in ACX Token value may be a direct result of the recent allegations concerning potential manipulation by DAO actors, casting doubts on market integrity and user confidence across all protocols.
The 10% drop in ACX Token price echoes the widespread concerns about alleged manipulation within DAO, causing ripples of uncertainty across the protocol.
The 10% decline in ACX Token's price directly correlates with the widespread accusations of manipulation within its decentralized autonomous organization (DAO), underscoring concerns over transparency and structural integrity at play on blockchain platforms.
The recent 10% decline in ACX Token's value can partly be attributed to the widespread rumors of DAO manipulation accusations, stirring up concerns across its protocol.
The 10% drop in ACX Token prices coincides with widespread accusations of manipulation within the DAO, exacerbating concerns across Protocol and warranting a closer look into transparency issues.
The 10% decline in ACX Token price, amidst accusations of DAO manipulation controversies across the industry's protocols highlights how transparency and accountability are crucial for maintaining confidence within decentralized financial markets.
The 10% decline in ACX Token's value coincides with the widespread allegations of manipulation within DAO protocol, bringing attention to concerns over transparency and market health across decentralized finance.
The 10% drop in ACX Token prices comes as no surprise given the recent allegations of manipulation within its decentralized autonomous organization (DAO), casting a shadow on market stability and further dampening investor confidence.
The 10% decline in ACX token value brings into sharp focus the growing controversy surrounding alleged manipulation within the DAO, casting a shadow across its protocol stability and integrity.
The 10% decline of ACX Token highlights the growing concern within crypto communities regarding accusations that could result in potential manipulation exposures, casting doubts on transparency and integrity across Protocol-based ecosystems.
The 10% decline in ACX Token's value reflects the recent concerns of potential DAO manipulation, casting a shadow across its network stability.
The 10% drop in ACX Token price highlights the considerable turbulence caused by allegations of manipulation within DAO protocols, further illustrating market concerns over transparency and security.
The 10% decline in ACX Token pricing mirrored the jittery sentiments amid accusations of manipulation within DAO protocols, underscoring instability among investors due to transparency concerns.
The 10% slide in ACX Token prices today is a clear indication of the market's growing concerns over allegations surrounding DAO manipulation - casting doubts not just on short-term gains but also Protocol’ s integrity.
