ACX Token Falls 10% Amid Governance Manipulation Allegations
Accusations against Across Protocol's ACX token have emerged, alleging governance manipulation and insider trading related to a Binance listing. Key points include:
- ACX token dropped 10% following the allegations.
- Trading volume increased amid market reaction.
- Co-founder Hart Lambur denied all claims, stating they are "categorically untrue."
- Lambur explained that grants of ACX tokens were standard practice for DAOs, used to develop the protocol.
- Recent developments include the launch of Across v3 and plans for Across v4.