Cardano founder Charles Hoskinson has vehemently denied accusations of misappropriating $318 million worth of ADA funds. He asserts these funds were actually unclaimed ICO vouchers moved into a custodial account for continued distribution to original buyers, not stolen assets. Despite the controversy surrounding this alleged misappropriation, ADA’s market value remains relatively stable around $0.70, highlighting market confidence in Hoskinson’s leadership. The dispute has fueled broader conversations about crypto governance and accountability. However, it hasn’t sparked significant liquidity issues or withdrawals. Cardano’s advancements in AI integration with its Leios protocol continue to attract developers. The situation underscores the ongoing discussion on decentralization and fund management within the cryptocurrency ecosystem.