Attention, people! Imagine that Charles Hoskinson, the brain behind Cardano (ADA), is under fire for a very serious accusation! It is said that he and his company, Input Output Global (IOG), kept about $600 million in ADA tokens that did not belong to them. How is that?!
Well, it turns out that the community is furious, especially an NFT artist named Masato Alexander, who is saying that Hoskinson used a "genesis key" in 2021 to manipulate the Cardano ledger and take a giant slice. We are talking about 350 million unclaimed ADA tokens! 💸
But what does Charles say? He is furious and swears that it is all a farce. He says that most of those tokens were legitimately claimed over seven years and that what remained, mind you, went straight to Intersect, which is the governance body of Cardano. Hoskinson insists that the transaction they are talking about, the one involving 318 million Cardano, was a legitimate "Instantaneous Move Rewards" operation to transfer reserve funds to treasury accounts in October 2021. Pure transparency, according to him!
Things are so heated that Hoskinson has already announced that by mid-August he will release a complete audit of all ADA holdings of his company to silence critics. And he will broadcast it live for everyone to see! 📺 Additionally, he is so upset that he is already talking to lawyers specialized in defamation. He says that if this continues, he might withdraw from social media once the matter is clarified.
This dispute is not just about money; it is leaving scars on the Cardano community. Will Charles be able to clear his name or is there something more behind all this? We will be paying attention!$ADA
