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Cardano founder Charles Hoskinson has vehemently denied allegations of misappropriating 318 million ADA from unredeemed pre-sale wallets, calling the claims deeply personal and damaging. He plans to release an external audit to refute the accusations and scale back his direct community engagement. The Cardano Foundation and Emurgo have also weighed in, supporting IOG’s transparency efforts.
- Hoskinson denies misappropriating 318 million ADA, plans an external audit to refute claims.
- Cardano Foundation and Emurgo support IOG's transparency, cite complex redemption process.
- Allegations stem from a 2020 protocol update, with critics demanding detailed fund flow audits.
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Other Tags: Cardano Foundation, Emurgo, IOG