Charles Hoskinson, founder of Cardano, has refuted accusations of misusing approximately 318 million ADA tokens. NFT artist Masato Alexander claims this misuse occurred during the Allegra hard fork in 2021. Hoskinson emphasizes that the majority of these funds were reclaimed by their original owners within seven years and the remaining were donated to Intersect. He stresses his commitment to transparency, aiming to refute allegations of manipulation. While community trust has been impacted, the market value of ADA hasn’t shown significant fluctuations as a result. The upcoming audit report will likely provide clarity on fund usage during the Allegra hard fork, offering insight into Cardano’s governance practices. This controversy underscores the importance of transparent blockchain governance and how such actions impact reputation.