Cardano scandal erupts: Hoskinson accused of embezzling $600 million in ADA

🖤 NFT artist Masato Alexander stated that during the Allegra hard fork in 2021, Cardano founder Charles Hoskinson used genesis keys to control 318 million ADA, which later turned out to be part of a total volume of $600 million.

🖤 Hoskinson rejected the accusations, calling them lies. He emphasized that "the majority of this ADA was purchased by holders," and the remainder was transferred to the Intersect community.

🖤 In response to the pressure, he promised to publish an audit and stated that he is "deeply hurt" that the community believed the unfounded accusations.$BTC $XRP