Hoskinson returns by scrutiny, which is “severely painful” with Cardano treasury claims worth $ 600 million

Cardano is preparing to issue a scrutiny report on the treasury holdings after new allegations appear on the preacher of $ 600 million of ADA.

Cardano founder Charles Hoskinson faces renewed audit by members alleged Hoskinson dealt with the Kardano notebook using the “Genesis key to rewrite and control” with a value of $ 619 million from Cardano (ADA) during Allegra Solid Force 2021 for the network.

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Secondary, “Move immediate rewards” practical On October 24, 2021, the transfer of more than 318 million ADA symbols shows that enabled the money to flow from reserves to the treasury or cabinet allocations.

However, Ada Redemptions remained open for another three years after treatment, Respond Hoskinson, Adding The “vast majority of those 350 million Ada has been replaced by indigenous buyers,” a process that took a total of seven years.

“IOG has given only 350 million ADA, which is a lie. This was called for a vast majority, and the remaining stay lost seven years after waiting for the intersection.” mail.

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Hoskinson “deeply painful” from the reaction of society

Hoskinson confirmed that the solid -related audit report is under progress, but added that he was “severely hurt” through society’s lack of confidence after allegations.

“Not to give benefit from doubt here without strong evidence, on the contrary, I mean, I do not have the relationship that I thought with some people,” Hoskinson books In the May 18 publication, adding:

“After the audit report was released, I may turn the X account to a media team and change the format of Amas and X.”

Hoskinson, who was also one of the founders of Ethereum, is among the leading characters in Blockchain’s development.

Speaking at the Paris Blockchain 2025 Week, Hoskinson stressed the need for the cooperative economy in the encryption industry to meet the increasing competition from traditional technology companies that enter Blockchain space due to increased regulatory clarity.

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