The sweep reset the process and ensured all the remaining unredeemed buyers had an opportunity to go through compliance again,” Hoskinson wrote, characterising the measure as a consumer-protection step rather than a seizure.
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Cardano Founder Reflects On Betrayal, Plans To Step Back
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Charles Hoskinson explained that after Attain Corporation’s closure, IOG deemed the legacy redemption process insecure and conducted an off-chain sweep of unclaimed ADA, revalidating eligible buyers through legal and exchange partners as a consumer protection step
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