#CardanoDebate

Charles Hoskinson Orders Comprehensive Audit of IOG Amid $600 Million Abuse Allegations. The controversy began when members of the Cardano community accused IOG - the company behind Cardano - of misusing 318 million ADA tokens. These tokens were unclaimed after Cardano's ICO in 2017 and became unspendable after the network's Shelley upgrade in 2020, leading Cardano to complete decentralization. Hoskinson referred to the individuals 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 contemplated stepping back—previous controversies, including one related to the meme coin WALDE, have led him to consider similar actions.