$ADA Charles Hoskinson Orders Comprehensive Audit of IOG Amid $600 Million Abuse Allegations. The controversy began when members of the Cardano community accused IOG - the company behind Cardano - of misusing 318 million ADA tokens. These tokens were left unclaimed after Cardano's ICO in 2017 and became unspendable after the network's Shelley upgrade in 2020, bringing Cardano to full decentralization. Hoskinson referred to the individuals as 'Personal Attacks'. Hoskinson has been chosen as the individual responsible for the accusations and has expressed emotional distress over the situation. He is considering delegating control of his social media accounts to a group. This is not the first time he has considered stepping back—previous controversies, including one involving the meme coin WALDE, have led him to contemplate similar actions.