Cardano under scrutiny: Hoskinson promises transparency after the controversy over 600 million dollars in ADA

Description

Charles Hoskinson and the Cardano Foundation face allegations of ADA treasury manipulation involving $600 million. Hoskinson denies the claims and has announced a public audit to restore community trust.

Authors

Alessia Pannone

Publish date

May 19, 2025

Publisher

The Cryptonomist

Web archive URL

https://archive.is/Th2Al

Web URL

https://en.cryptonomist.ch/2025/05/19/cardano-under-scrutiny-hoskinson-promises-transparency-after-the-controversy-over-600-million-dollars-in-ada

Referenced by

Charles Hoskinson promises an audit after fund misuse allegations

Crypto news

News story

According to Hoskinson, the accusations stem from a lack of technical understanding and from a growing distrust that has deeply hurt him

Crypto news

Quote

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

Crypto news

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