Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, Across Protocol founders have been accused of manipulating DAO governance to funnel $23 million in tokens to their affiliated for-profit company, Risk Labs, infrastructure attacks are responsible for most of the $2.1 billion in crypto stolen this year, and a judge denied Ripple and the US Securities and Exchange Commission’s (SEC) request to reduce a $125 million civil penalty.

The founders of the crosschain bridge Across Protocol have been accused of siphoning $23 million of funds to their own for-profit company.

In a Friday X thread, Ogle — the pseudonymous founder of layer-1 project Glue and onchain sleuth — accused some founders of Across Protocol of covertly manipulating decentralized autonomous organization (DAO) votes to fund their for-profit company, Risk Labs. Ogle accused the project of being among the “DAOs that are DAOs in name only.”

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