Cardano Founder Threatens Legal Action Over ADA Token Dispute

Charles Hoskinson, founder of Cardano, has threatened legal action against Masato Alexander over allegations of misusing ADA tokens following the 2021 Allegra hard fork. Alexander’s accusations involve alleged seizure of 318 million ADA during this upgrade. Hoskinson maintains he is innocent and plans to send retraction letters to those repeating defamatory statements. This situation raises concerns about financial misuse and transparency in key crypto projects, potentially leading to legal battles that could impact market trust and investor confidence.