Across Protocol Token Crashes 50% as Team Faces $23M ’Creative Accounting’ Scandal

Another day, another DeFi drama—this time with a side of alleged embezzlement.

'Oops, where'd the funds go?'

The Across Protocol team is facing heat after $23M in project funds vanished faster than a Bitcoin maximalist's patience for altcoins. The token nosedived as screenshots of questionable transactions went viral—because nothing says 'trustless' like old-fashioned alleged theft.

Damage control mode activated

Developers claim it's a 'miscommunication' (the crypto equivalent of 'my dog ate the private keys'). Meanwhile, exchanges are freezing withdrawals—locking the barn door after the horse has bolted with eight figures.

The real victims? Bagholders.

Retail investors are left holding the bag—again—proving DeFi's first rule: the 'D' stands for 'dysfunction.' Just another Tuesday in crypto finance, where the only thing more volatile than prices is team integrity.

More declines may occur if the price breaks through the $0.13 support zone. Some investors may watching for a bounce MOVE back toward the mid-Bollinger band despite the sell-off. However, in the short term, upward momentum might be limited due to deteriorating sentiment and eroded trust in the team.