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by: xpoolPosted on: May 22, 2025

Charles Hoskinson Addresses Allegations of Misappropriation in Cardano, Promises Independent Audit

Cardano founder Charles Hoskinson refuted accusations of mismanaging $600 million ADA funds in a May 2025 Twitter post. He announced a third-party audit to ensure transparency and clarify fund management practices. This response follows allegations from NFT artist Masato Alexander, who claimed ledger manipulation during the Allegra hard fork led to the misappropriation of funds.

Related posts:

  1. Cardano’s 10-Year Vision Nearing Completion, Driven by Charles Hoskinson’s Commitment to Cardano-First Products
  2. Cardano Founder Rejects Misappropriation Claims, Announces Legal Action
  3. Charles Hoskinson Addresses ADA Scandal, Promises Audit
  4. Ethereum Dips, Cardano Soars: BlockDAG Raises $214M in Presale
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