#CardanoDebate Here’s the latest on the #CardanoDebate evolving on Binance Square and beyond:
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🔍 Core Issues & Allegations
1. Unclaimed ADA Funds Scandal
The controversy revolves around 318 million ADA tied to the 2021 Allegra hard fork. Critics claim these tokens were secretly redirected—with accusations of a $600M embezzlement .
Cardano founder Charles Hoskinson and the IOG respond that the tokens originated from unredeemed ICO allocations, were eventually reclaimed by purchasers (99.8%), and leftover funds were donated to Cardano's Intersect body .
A third-party forensic audit is underway; results are expected soon, with both sides awaiting clarity .
2. Hoskinson’s Public Stance
He has publicly challenged accusers to present credible evidence, labeling the claims as defamation and personally damaging .
He’s also expressed feeling deeply hurt and plans to hand over his social media and public messaging to a communications team after the audit .
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🌱 Market & Ecosystem Impact
1. Price Volatility & Whales
On June 13, ADA dropped ~6% (from ~$0.688 to ~$0.625) amid debate over a separate $100M treasury proposal aimed at boosting stablecoin liquidity .
On June 10, ADA gained ~3% after joining the Nasdaq Crypto Index, with whales accumulating ~170M ADA in late May .
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🧠 Technology & Governance Discussions
1. Peer‑Reviewed vs. Agile Development
Most supporters emphasize Cardano's slow, secure, peer-reviewed model (eUTxO, Haskell-based Plutus, etc.), while critics say it's falling behind faster networks like Ethereum and Solana .
2. Scalability & Governance Upgrades
Projects like Hydra, Midnight, Mithril are touted as future breakthroughs.
The Chang hard fork will enhance on-chain governance (Voltaire era), and cross-chain and DeFi protocols like Cardinal are gaining traction
#CardanoDebate #IsraelIranConflict #Write2Earn $BTC $BNB $ETH
