For all those dogpiling on IOG about the unclaimed vouchers, the TGE entity is in the last stages of the redemption process since the final buyer is nearly through with his claim. After this process has concluded, the final act of the TGE will be to issue an externally audited report on the entire crowdsale and the redemption history to the founding entities and Intersect. It will then begin the process of shutting down.

Many people at IOG have spent years of their lives, thanklessly, on this program. I will make sure their hard work is broadcast and give the critics one opportunity to apologize and retract their statements after the report is published. Should they continue to assert that IOG stole funds, we will pursue legal action.

I will remind everyone that no report on this has been published because the redemption process has been ongoing since the protocol launched in 2017. This process required the TGE to wait seven years to recall unclaimed Ada. Also, Attain (the sole vendor of Ada vouchers) went out of business, and the CF, under their original leadership and despite auditing the sale, refused to take over the redemption process post-launch. These factors caused much heartburn and delays in what should have been a straightforward process.

I will also remind everyone that 99.8 percent of all Ada Vouchers sold were redeemed by their original buyers. After seven years, the remaining 0.02 percent were returned to the TGE and donated to Intersect through the same process that funded the Cardano Foundation.

As we are now considering litigation against those slandering us, we will make no further statements until the closing report is published. We will then send letters to the relevant parties demanding retractions and apologies.