Across Protocol (ACX)

Generational fumble that the @AcrossProtocol team haven't been shitposting about this.

Then, to shut Across up, Bryan had his engineers find a minor exploit in their token contract, and used the full force of L0's distribution to make it a huge deal.

And all Across was saying is that:
1. Bridges using that mechanism are security risks
2. 1/1 DVNs are bad https://t.co/NVHbDzEPbE

Wu reported that the Across Protocol DAO governance proposal has officially passed, with 91.51% of votes supporting the transition of the protocol from a tokenized DAO structure to the U.S. C‑corp AcrossCo. According to the proposal, ACX holders can choose to exchange their tokens for company equity on a 1:1 basis, or sell the tokens at a price of 0.04375 USDC per token, representing a 25% premium over the 30‑day average price before the proposal was released. The proposal also includes the gradual shutdown of the DAO architecture, with the new entity taking over the protocol’s IP, development, and commercial partnerships. https://t.co/lQSZ87eHZ6