Across proposes permanently capping the supply of 1 billion ACX tokens to prevent minting or destruction operations

Across Protocol co-founder Hart Lambur has proposed a permanent cap on the supply of 1 billion ACX tokens. If the proposal is approved by the community, Across Governance will relinquish ownership control of the ACX tokens and set them to the 0x0 address to prevent any future minting or destruction of the token supply. The proposal is currently being voted on for a temperature check, with a 99.5% approval rating.
Previously reported, LayerZero CEO Bryan Pellegrino wrote to the Across Protocol team on social media that there was a critical issue with its token contract, incorrectly exposing a feature that was supposed to be an internal private function, which Open Zeppelin wrote in its ERC20 token implementation to destroy tokens and give them to the contract owner - allowing you to withdraw tokens from any wallet at any time and arbitrarily set the balance of any account to 0. In addition, both Across Protocol and UMA Protocol contracts have the ability to mint unlimited coins.