IOG never gave itself 350 million unclaimed ADA. This is a lie. The vast majority was claimed, and the remaining that was forfeited after seven years of waiting was donated to Intersect,” Hoskinson wrote in a May 6 X post.
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Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims
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Charles Hoskinson rejected the claims, stating that 99.8% of the ADA from the ICO was redeemed by original buyers and the remainder was forfeited after seven years due to unclaimed redemptions
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Charles Hoskinson stated that the unclaimed tokens from Cardano's ICO were moved into a custodial account, only after Attain’s bankruptcy left no party able to process late redemptions safely, and donated to Intersect, an organisation supporting Cardano’s governance and development
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