$ADA Charles Hoskinson Orders Comprehensive Audit of IOG Amid Allegations of Misuse of 600 Million ADA. The controversy began when members of the Cardano community accused IOG - the company behind Cardano - of misusing 318 million ADA tokens. These tokens had remained unclaimed following Cardano's ICO in 2017 and became unspendable after the network's Shelley upgrade in 2020, bringing Cardano to complete decentralization. Hoskinson referred to the critics as "Personal Attacks." Hoskinson was chosen as the individual responsible for the accusations and expressed emotional distress over the situation. He is considering handing over control of his social media accounts to a group. This is not the first time he has considered stepping back—previous controversies, including one involving the meme coin WALDE, had led him to contemplate similar actions.