$ADA 7 billion USD ADA shocking mystery exposed! Did the founder quietly transfer ICO funds? ⚠️😱🔍

700 million USD ADA shocking mystery exposed! Did the founder quietly transfer ICO funds? ⚠️😱🔍 The revelation unveils one of the most mysterious and controversial events in Cardano's history — over 318 million ADA (worth about 700 million USD at the time) was quietly reclaimed into network reserves without notifying holders! The incident began with a function in the Cardano code called returnRedeemAddrsToReserves, which identifies unclaimed ICO token addresses and recovers their funds to the reserve pool, then quietly removes these addresses. The most bizarre part is: this step had no on-chain notification or user authorization. Subsequently, this fund was transferred again through a MIR (instant reward transfer) transaction. Although Cardano founder Charles Hoskinson stated that 'the vast majority of the funds have been returned to ICO participants,' the rest was used to support the governance organization Intersect, but these claims lack transparent data support. Even more outrageous, there are rumors that this ADA was also staked, earning about 25 million ADA in rewards — also unaccounted for.

From @masato_alexander's X platform revelation, it unveils one of the most mysterious and controversial events in Cardano's history — over 318 million ADA (worth about 700 million USD at the time) was reclaimed without notifying holders.

The incident began with a function in the Cardano code called returnRedeemAddrsToReserves, which identifies unclaimed ICO token addresses and recovers their funds to the reserve pool, then quietly removes these addresses. The most bizarre part is: this step had no on-chain notification or user authorization.

Subsequently, this fund was transferred again through a MIR (instant reward transfer) transaction. Although Cardano founder Charles Hoskinson stated that 'the vast majority of the funds have been returned to ICO participants,' the rest was used to support the governance organization Intersect, but these claims lack transparent data support.

Even more outrageous, there are rumors that this ADA was also staked, earning about 25 million ADA in rewards — also unaccounted for.

📉 The issues go far beyond the flow of funds:

No audit tracking

Community has no voting, no consensus

All decisions controlled by the genesis key

Contrary to Cardano's claim of 'decentralized governance'

🤔 Everyone is asking: Where is the 700 million USD ADA now?