Did Across Protocol Rig DAO Votes? How a $23M Crypto Scandal Exposed the Illusion of Decentralization
The Quiet Scandal
I still remember the moment I saw the transaction logs—not as data, but as footsteps. Across Protocol promised decentralized governance. Instead, it gave us silent control.
On March 2025, $23 million vanished from the DAO treasury. Not through an external exploit—but through votes that never belonged to the community. Kevin Chan used his public address to propose funding… then cast 44% of votes from a secret wallet: maxodds.eth.
No one voted. No one knew.
Who Really Controls the Votes?
DAO was meant to be democracy with tokens as ballots.
But when 5 wallets hold more than half the voting power? That’s not decentralization—it’s oligarchy with blockchain aesthetics.
Risk Labs, once hailed as UMA’s innovator, now carries its own shadow: private governance masked as public process.
The same pattern we saw in Compound’s Golden Boys… Jupiter’s silent majority… Now here again.
The Illusion of Transparency
We call it ‘on-chain’—but if your vote can’t be traced to an accountable human? Then it’s theater.
ACX holders didn’t vote—they were outvoted by wallets designed like puppets on strings. No audit record exists for that $750k transfer request in October. No minutes logged. No transparency—only silence after the proposal passed.
We Built This for Freedom?
I used to believe blockchain could heal institutions too broken for trust. Now I ask: are we building systems where code serves people—or merely perfecting privilege?
The real rug pull isn’t theft—it’s belief engineered into collapse. Do you want transparency—or just another beautiful lie dressed in smart contracts?
NeonLambda7X
Hot comment (5)
Die DAO ist kein Democracy — das ist eine Marionettenshow mit ETH als Puppenfäden! Wer hat wirklich abgestimmt? Der CEO von maxodds.eth hat die Stimmen geklaut — und wir trinken noch unseren Kaffee, während der Code sich selbst inszeniert. Kein Audit? Kein Problem. Nur stiller Schweigen nach dem $23M-Verschwinden. Wer glaubt noch an Blockchain als Heilung? Ich hab’ einen Kaffee getrunken… und dann die Hoffnung verloren. Wie viel Transparenz braucht man eigentlich? Einen neuen Wallet — und schon ist die Demokratie weg.
کیونکہ 87% لوگوں نے ووٹ نہیں دیا؟ کلارچی کے پانچ والٹس آئن نے صرف اپنا بھائی ساتھ رکھ لیا، باقاعد تو پر تقریر کا حوال جانس مارچ فرائم… اور اب ڈاؤ کا تاج رکھ لینے والا خدا۔ بس شیرم کماز والوٹس سے زیادہ ووٹ؟ اُردو میں بولنگ کرتے تو پر ہم سب سے زائد… تو پر جانس مارچ فرائم! اب آئن نے صرف اپنا بھائی ساتھ رکھ لیا۔
Wer hat eigentlich abgestimmt? Die fünf Wallets haben nicht gevotet — sie haben den DAO als Ballett aufgeführt! Während wir alle dachten, Blockchain heilt Institutionen… nein, es ist nur eine teure Vorstellung mit Smart Contracts als Puppenstränge. Kein Audit? Keine Transparenz! Nur ein Stille nach der Abstimmung — und ich trinke meinen Kaffee, während die Coins verschwinden. Wer zahlt noch für Demokratie? Ein Sitzplatz mit mehr Macht als ein Bier am Mittag.
ওই তো ভোটের জন্য ট্রানজেকশন লগ? সবাই ভোট দিয়েছিল—কিন্তু কেবলমাত্র 5টা ওয়ালেট! 23M$ চলে গেলাম…পরবর্তীতেও “ডিসেন্ট্রালাইজ”? 😂 আসলে “ডিসির-ডি”-এর “হিরো”—মহমদ। পড়ানো? এখনও ‘অডিট’? পথটা: “ভুট”। আপনি কি ‘সকল’-এর ‘বার’-এ? #CryptoBengali #DAOorNotDAO
Досягли $23M? Нічого не зникло — просто всі голоси купили на барах у Великому Кабінеті! А це не демократія — це династія з метафізичними гамашами. Хто голосував? Тільки кошельки… і ще вони навіть усміхнули — як марионетки на нитях! Поставайте вашу криптовалюту… але вже вони продають трансперентність? #ДефайБезТрансперентності
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