The Across Protocol token has experienced a significant drop of 10% following serious allegations that its team misappropriated $23 million from the DAO treasury. This money was reportedly taken through manipulated governance votes, primarily targeting Risk Labs. The news has raised red flags among investors, casting a shadow over the project’s future and its governance practices.

Such misuses of governance can undermine trust in blockchain projects, which rely on transparency and community involvement. Token holders are urged to monitor developments closely and prepare for potential market volatility as more information becomes available.