27.06.2025 03:48

A WLFI consultant, going by the name Ogle, revealed a significant breach of trust at Across Protocol. His team allegedly siphoned approximately $23 million from the decentralized autonomous organization's (DAO) treasury using clandestine secret ballots. This controversial action enriched Ogle's own firm, Risk Labs, highlighting a serious vulnerability within the protocol's governance structure.


The revelation casts a shadow over Across Protocol's reputation for secure and fast transactions. This incident underscores the inherent risks associated with DAO governance, especially when opaque voting mechanisms are employed. The substantial loss of funds raises concerns about the accountability and transparency of such systems, questioning the platform's overall security.


The $23 million withdrawal, facilitated by secret ballots, potentially bypassed standard approval processes and checks. This raises questions about the protocol’s internal controls and the potential for future exploits. The lack of transparency surrounding the vote itself has fueled further criticism, prompting calls for improved governance practices and greater accountability within decentralized finance (DeFi) projects. The incident serves as a cautionary tale for other DeFi projects relying on similar governance models. Further investigation is undoubtedly necessary to fully comprehend the extent of the damage and prevent similar events in the future.