The protocol team, accused of transporting 23 million dollars to the ownership company

The founders of the Crosschain Bridge via the protocol were accused of clearing $ 23 million of money for their own company.

On Friday x stringOge- The Permissible Founder of Layer 1 Project Glue and ONSAIN Sleuth- accused the founder via a protocol to manipulate a central organized secrecy (DAO) to finance their company for profit, risk laboratories. OGLE accused the project of being among “Daos, which is DaOS only by name.”

Hart Labor, who founded and crossed the risk laboratories, denied the claims in separate mail. He said that the risk laboratories are a non -profit institution in the Cayman Islands, with no shareholders. The establishment certificate participated and claimed that the company operates according to credit obligations.

He said: “If the money is misused, you can sue the directors (I!).”

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I put the non -profit situation in question

When speaking to CointeleGRAph, Lambert also shared the company’s establishment certificate. The document describes the company as a “institution company”. Cointelegraph independently managed to register the company with Kayman Island General Record.

However, Harneys attorney at Cayman Islands Foundation explained guide Such companies can have any purpose “whether commercial, charitable/charitable or private.”

Cointelegraph was unable to verify a non -profit state of Risk Labs, with no name in the list registered Non -profit organizations.

The institutions based on the Cayman Islands are not allowed to pay stock profits and are generally considered “non -boxing” entities. This is what is said, the legal company is Ogir Make up Cailel -based institutions that are based on the Cayman Islands allow “distributions of beneficiaries, instead of shareholders”.

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DAO voting claims appear

“It seems that the founders shared through the risks/risk have organized the proposals of governance that allows them at a secret price for the” DAO “democratic process secretly, extracting ~ 23 million dollars (at the value of today) from the treasury that it was supposed to protect,” said Augal.

Dow’s first an offer It was approved two years ago and witnessed 13.1 million of the distinctive symbol holders voting for benefit, and the approval of the proposal with more than 97 % of the votes. The Risk Laboratory Second Laborators’ suggestion asked Dao from 50 million ACX symbols to obtain “retrospective impact” year later.

“If the team was not voted on this proposal, it will not reach the quorum – which means that he had no enough votes to pass it at all,” he claimed Augal. The value of the distinctive symbols of $ 150 million, after ACX lost about 9.3 % of its value during the past 24 hours to trade at about $ 0.1362 at the time of writing this report.

However, Oge claims that “the proposal did not guarantee the use of funds all over, there were no official agreements between the two companies.” He also said that the ONSAIN analysis reveals that many members of the risk team who secretly agreed to the proposal.

“The second largest voting portfolio was funded in the entire suggestion, which represents nearly 14 % of the total votes, at first by Hart Lamur,” he called Ojal.

Risk laboratories deny misuse of allegations

Lambur denied these accusations, saying that the distinctive symbol had been broadcast nearly three years ago, and the team members gained them with their own money. He said: “My team is free to buy distinctive symbols and vote in particular in the proposals, just like every other dow there.”

Lambur also confirmed that Chan voted in favor of the proposal. However, he denied the secret nature of the addresses used, noting that it is “publicly revealed and publicly linked.”

Lammur Reply All allegations on its subject, describing them as “categorically incorrect.”

In separate mailAfter criticizing Oge in order not to disclose his identity and strike issues with his credibility, the most prominent Lambur Etisalat on competing projects such as Layerzero and Stargate as a possible conflict of interests.

“Funny enough, Brian Pellegrino, the founder of Stargate and Layerzero, returned to the reproduction of Oge’s publication immediately after its publication,” said Lamborior.

Cointelegraph has arrived to Oge for more comments but he did not receive a response by publishing.

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