Charles Hoskinson Responds to Treasury Fund Accusations in Cardano Community Debate

Cardano’s controversy continues as allegations surface regarding the distribution of funds from the community-owned treasury. The accusations, primarily voiced by SLR Cardano Stake Pool on X (formerly Twitter), claim that Charles Hoskinson is diverting funds from the project for his other ventures, notably Midnight, a privacy-focused sidechain. This sparked debate over transparency and governance within Cardano’s decentralized structure. While some community members defended Hoskinson, claiming lack of evidence and misrepresentation of how the funding works, SLR later clarified its stance, highlighting leadership differences between the Cardano Foundation (CF) and Input Output Global (IOG), the company he founded. Hoskinson himself emphasized this contradiction by reposting the SLR comments, questioning the conflicting narratives. This latest episode highlights internal tensions within the Cardano ecosystem, as Hoskinson continues to engage with the community on broader industry discussions regarding regulations like the Clarity Act. Despite these challenges, he remains active in policy and development. However, the new allegations remain unverified claims without supporting evidence, mirroring earlier disputes surrounding Cardano’s genesis key controversy which was later cleared after an independent audit. This episode underscores the growing pains of decentralized ecosystems where open discussion and scrutiny are crucial as they evolve.