Cardano's Charles Hoskinson is considering legal action against claims that he manipulated the blockchain to control 318 million ADA tokens. Allegations surfaced on social media, accusing him of using Genesis keys in 2021 to take funds from early investors. NFT artist Masato Alexander stated that during the Cardano 'Allegra' hard fork, unspent token allocations were overwritten and redirected to Cardano's reserves. Hoskinson denied the accusations, explaining that ADA vouchers became unspendable after the hard fork and were managed by a custodial account. He emphasized that most tokens were redeemed by original buyers, with only a small percentage allocated to Intersect. Hoskinson warned of potential lawsuits against those spreading false claims and stated that a full report will be released before taking further action. Read more AI-generated news on: https://app.chaingpt.org/news

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