BlockBeats News, May 19, Cardano founder Charles Hoskinson responded to community allegations regarding the misappropriation of approximately $600 million worth of ADA tokens, promising to release an audit report. The controversy centers around a transfer record of 318 million ADA (currently valued at approximately $229 million) during the Allegra hard fork in 2021, with NFT artist Masato Alexander accusing Hoskinson of manipulating the ledger using the genesis key.
In a tweet on May 6, Hoskinson clarified that the vast majority of ADA has been redeemed by the original purchasers, with the remaining portion donated to the Intersect organization. In his latest statement on May 18, he expressed feeling 'deeply hurt' by the community's distrust, stating that after the audit report is published, he may hand over management of the social media accounts to a professional team.
