Charles Hoskinson denied accusations of misappropriating over $600 million in ADA and confirmed Cardano Foundation is preparing an audit

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Description

Charles Hoskinson, founder of Cardano, denied accusations of misappropriating over $600 million in ADA during the 2021 Allegra hard fork and confirmed that the Cardano Foundation is preparing a detailed audit report.

Event date

May 19, 2025

Quotes that support claims

Hoskinson announced that the Cardano Foundation is preparing a detailed audit report on the transactions and operations related to the Allegra hard fork
Charles Hoskinson has denied claims of misappropriating $600 million in ADA and says Cardano will publish an audit report following community backlash.

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05/19/2025
Week 21 of 2025