Masato Alexander cited a Move Instantaneous Rewards (MIR) transaction from October 24, 2021, showing a transfer of 318 million ADA, as evidence of alleged misuse of Cardano’s reserve pool

Quotes that support claims

Alexander cited a transaction from October 24, 2021, classified as “Move Instantaneous Rewards” (MIR), which shows the transfer of over 318 million ADA tokens.

A secondary, “Move Instantneous Rewards” transaction dated Oct. 24, 2021, shows a transfer of over 318 million ADA tokens, which enabled the funds to flow from reserve pools into staking or treasury allocations.