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.