$ADA Charles Hoskinson says audit report ‘shaping up’ for August release

Cardano founder Charles Hoskinson says he will read the full audit report over a livestream when it is released next month.

Cardano founder Charles Hoskinson says he has requested further transparency on the initial audit of his firm Input Output Global’s (IOG) ADA holdings, but anticipates it will be ready for public release within a month.

“I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it’s shaping up quickly,” Hoskinson said in an X post on Saturday.

Hoskinson expects smooth release if timeline holds

“I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays,” he added.

On May 19, Hoskinson announced he would release an audit report of IOG’s treasury holdings, after denying allegations that $600 million in Cardano

ADA

$0.8366

had been misappropriated.

At the time, Hoskinson said he was “deeply hurt” by the community’s mistrust after the allegations.#StablecoinLaw #GENIUSAct