The Cardano Foundation is preparing to publish an audit report on its treasure holdings after new accusations arose alleging an undue appropriation of Ada tokens of approximately $ 600 million.
The founder of Cardano, Charles Hoskinson, faces a renewed scrutiny of the members of the community, including the artist token non-fungible Masato Alexander, who claimed that Hoskinson manipulated the main book of Cardano using a “key of genesis to rewrite it and take control” of $ 619 million in Cardano (ADA) during the 2021 network of 2021 Allegra Hard-Hard.
Related: GDC that is quoted at Nasdaq plans to buy Bitcoin and Trump Memecoin for $ 300 million
A secondary transaction, “Move Instantneus Rewards” dated October 24, 2021, shows a transfer of more than 318 million ada tokens, which allowed the funds to flow from the reserve pools to reference or treasure assignments.
However, the reimbursements of the ADA remained open for another three years after the transaction, Hoskinson replied, added that the “vast majority of those 350 million ADA was redeemed by the original buyers”, a process that took a total of seven years.
“IAG never gave himself 350 million not claimed. This is a lie. The vast majority was claimed, and the remaining one that was lost after seven years of waiting was donated to cross,” Hoskinson wrote in a 6th place of May.
Related: The Solana co -founder proposes goal chain to set the blockchain fragmentation
Hushinson “deeply injured” by community reaction
Hoskinson confirmed that an audit report related to hard bifurcation is in progress, but added that it is “deeply injured” by the distrust of the community after the accusations.
“Not having the benefit of the doubt here without strong evidence of the opposite means that I do not have the connection I thought with some people,” Hoskinson wrote in a post of May 18, added:
“After the audit report comes out, I will probably deliver my X account to a media team and change the format of my Ama and X spaces.”
Hoskinson, who was also one of Ethereum’s co -founders, is among the main figures in the development of Blockchain.
Speaking in the 2025th week of Paris Blockchain, Hoskinson emphasized the need for a collaborative economy in the cryptographic industry to counteract the growing competition of traditional technology companies that enter the blockchain space due to the growing regulatory clarity.
https://www.youtube.com/watch?v=hvoqj4xs88s
Magazine: Bitcoin Eyes ‘Crazy Numbers’, JD Vance Set for Bitcoin Talk: Hodler’s Digest
