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The founder of Glue exposes that a certain protocol team is suspected of misappropriating $23 million and manipulating DAO votes, causing controversy.
[Golden Finance] According to reports, Glue founder Ogle published a lengthy article today, accusing a certain protocol team of manipulating DAO votes through privacy controls and misappropriating approximately $23 million from the protocol's treasury.
Ogle mentioned that the team initiated multiple votes in 2023 and 2024, proposing to transfer a total of 150 million ACX to the profit-making company Risk Labs established by the team under the names of "strategic investment" and "retrospective funding," and then manipulated the votes to pass using other addresses traceable to associated traces.
Ogle added that he gave the team and RiskLabs ample time to correct any inaccuracies or disclose the matter themselves, but they chose to remain silent, which is why he had to write this article.