Charles Hoskinson Orders Full Audit of IOG Amidst $600M ADA Misuse Allegations

Cardano is facing increased scrutiny following founder Charles Hoskinson’s announcement of a full audit of Input Output Global (IOG) due to serious allegations of misappropriating over $600 million in ADA tokens. 💰 The controversy stems from accusations that IOG, the company behind Cardano, misused 318 million ADA tokens. These tokens were initially unclaimed after Cardano’s 2017 ICO and became unspendable following the network’s Shelley upgrade in 2020, which transitioned to full decentralization. However, these moves are being questioned by the community. Hoskinson has called for an independent audit to promote transparency and accountability. 🔎