The long-awaited audit of Cardano's redemption process has finally been completed, and the results are in! ๐ค The audit, conducted by accounting firm BDO and law firm McDermott Will & Emery, has found no evidence of fraud or misuse, debunking the latest "FUD" narrative related to the popular altcoin. ๐ซ
*The Controversy:*
In May, NFT artist Masato Alexander accused Cardano co-founder Charles Hoskinson of manipulating the ledger to seize 318 million unredeemed ADA tokens, valued at approximately $600 million. ๐ Hoskinson vehemently denied the accusations, claiming that 99.8% of the ADA vouchers were redeemed.
*The Audit Results:*
The forensic audit has determined that:
- 14,282 vouchers (99.2%) were redeemed, representing 25.85 billion ADA tokens. ๐
- Only 6.1% of buyers were older than 65, disproving accusations of selling ADA to elderly people. ๐ด
- There was no deliberate blocking of redemptions. ๐ซ
*What's Next:*
Hoskinson is now calling for apologies from those who spread misinformation. ๐ The audit's findings have brought relief to the Cardano community, and it's business as usual for the popular altcoin. ๐ผ
*Stay Informed:*
Keep an eye on Cardano's developments and stay tuned for updates! ๐๐ป #CardanoAuditResults #ADA #FUDDebunked #CryptoTransparency #BlockchainIntegrity
