🚀 Accusations of Misconduct in DAO Voting by Across Protocol Team
#Misconduct #DAOVoting #AcrossProtocol #Glue #Ogle #Manipulation #Treasury #ACX #RiskLabs #Investment #Funding #Blockchain #Crypto
According to Odaily, Glue founder Ogle has released a detailed statement on X, accusing the Across Protocol team of manipulating DAO votes to misappropriate approximately $23 million from the protocol's treasury. Ogle claims that during 2023 and 2024, the Across team initiated several votes under the guise of 'strategic investment' and 'retrospective funding,' proposing the transfer of a total of 150 million ACX to Risk Labs, a for-profit company established by the Across team. He alleges that the team used traceable addresses to manipulate the voting process in their favor.
Ogle further stated that he provided the Across team and Risk Labs ample opportunity to correct any inaccuracies or disclose the matter themselves, but they chose to remain silent, prompting him to publish the statement.#Misconduct #DAOVoting #AcrossProtocol #Glue #Ogle #Manipulation #Treasury #ACX #RiskLabs #Investment #Funding #Blockchain #Crypto
🚀 BTC Position Closure Results in Significant Losses
#BTC #Bitcoin #BlockBeats #HyperInsight #WLFI #0x70F #ogle #ASTER #AVAX #liquidation #stoploss #1011 #crypto
According to BlockBeats, HyperInsight monitoring revealed that WLFI advisor ogle (0x70F) closed a long position of 140 BTC, established four days prior, at 11 PM UTC+8 yesterday, resulting in an actual loss of $890,000. The weekly loss has further expanded to $2.65 million, leaving the account balance below $90,000.
Notably, the opening average price of the BTC position was $115,400, with a liquidation price of $109,700. If the stop-loss had not been executed in time, the position would have been forcibly liquidated. Previous reports indicated that during the '1011' event, the address had already experienced liquidation on ASTER and AVAX long positions.#BTC #Bitcoin #BlockBeats #HyperInsight #WLFI #0x70F #ogle #ASTER #AVAX #liquidation #stoploss #1011 #crypto