HOSKINSON COMMITS TO TRANSPARENCY – IOG AUDIT TO BE RELEASED BY MID-AUGUST
Charles Hoskinson, co-founder of Input Output Global (IOG) and Cardano, has announced that a full audit of IOG’s ADA holdings will be made public by mid-August. In a post on X, he confirmed receiving the preliminary audit and is now working with the team to add further context before its release.
The move follows serious allegations that IOG acquired roughly $600M in ADA using a “genesis key” manipulation—claims Hoskinson firmly denies. He stated that no unclaimed ADA was ever allocated to IOG, and most of it had already been distributed or transferred to Intersect after a seven-year window.
🔹 Audit to be livestreamed upon release
🔹 Report will be hosted and preserved across platforms
🔹 Legal action being considered against those spreading misinformation
Hoskinson emphasized that these allegations stem from misinformation and community mistrust. He plans to pivot his public engagement style and hand over his X account to a media team after the matter is resolved.
Stay tuned as this high-stakes audit unfolds.