Cardano Founder Denies ADA Misuse Claims, Promises Independent Audit

Charles Hoskinson, founder of Cardano, vehemently denies allegations that his cryptocurrency platform mismanaged $600 million in ADA funds. He emphasizes that the transaction was transparent and documented, with no involvement from Bitcoin (BTC) or Ethereum (ETH). His denial follows a public accusation by NFT creator Masato Alexander who questioned the shifting of ADA funds following a 2021 hard fork.