☔️Across Protocol team manipulating DAO governance votes, misappropriating $23 million from the treasury?
This event once again exposes the core contradictions of DAO governance: the ideal of decentralization versus the reality of centralization. When a team can manipulate votes and misappropriate funds through shadow wallets, the so-called "autonomy" is merely a carefully designed governance theater?
🩶Three key issues
1⃣ Token power is overly centralized
Governance tokens held by institutional investors and teams have instead become tools for "self-dealing"
2⃣ Insufficient voting transparency
Current DAOs lack real-time voting traceability tools, making it difficult to identify manipulative behaviors
3⃣ Lack of oversight and checks and balances
The traditional industry's "self-dealing bans" are almost non-existent in the crypto space
🐰The industry needs to move from romanticism to pragmatic reform. True decentralization is not about eliminating authority, but about constraining power through technological design.
🍝The Across incident is not the first, nor will it be the last example of DAO governance failure. But every crisis is an opportunity to drive upgrades in governance paradigms—after all, the ultimate value of blockchain lies not in eliminating human weaknesses, but in making wrongdoing unprofitable.
$SOL
