😵 CEO of Cardano accused of manipulating ADA
Charles Hoskinson, the founder of Cardano, has been accused by artist Masato Alexander of misappropriating 318 million ADA through the 2021 hard fork "Allegra" using hidden code and lack of transparency in staking. Hoskinson strongly refuted this, calling it a "lie" and asserting that 99.8% of ADA from the ICO was legally distributed, with the remainder returned to TGE and donated to the Intersect initiative. He stated that he would take legal action if the allegations continued.
