Cardano founder Charles Hoskinson has refuted accusations of mismanaging the project’s treasury, which has been at the center of recent controversy. The allegations were made by SLR Cardano Stake Pool on social media and have sparked debate within the Cardano community regarding governance and fund allocation. Despite this debate, there have been no significant market fluctuations linked to the claims. The allegations stem from concerns about how Cardano’s treasury is managed, but Hoskinson insists on the transparency afforded by the decentralized voting system that governs the project’s finances. Hoskinson emphasizes the role of the Cardano Foundation and its board in controlling financial management. This controversy raises crucial questions about the future of Cardano’s governance and whether a more transparent approach will be adopted to ensure accountability and foster confidence within the community. The allegations have also sparked discussion about potential adjustments to the project budget, with a proposed cut of 31 million ADA on the table. However, no evidence of misappropriation has been found by on-chain data analysis.** This situation echoes similar governance disputes across the blockchain industry, and there haven’t been any formal regulatory complaints filed against Hoskinson. Notably, with no formal audits conducted, community discussions will likely continue to explore how to enhance transparency and foster open dialogue regarding fund allocation in the future.