The Cardano Foundation is preparing for the publication of an examination report on its treasury stocks after latest allegations have appeared during which ADA token was definitely worth the value of around 600 million US dollars.
Cardano founder Charles Hoskinson is suspended by community members with a brand new examination of a examination of the artist Masato Alexander, who claimed Hoskinson manipulated the Cardano Ledger with a “Genesis key to take over the control of $ 619 million price $ 619, through the Network-Hard-Hardgra-Harthilfe from ADA).
Source: Masato Alexander
A secondary transaction “Move Instantneous Rewards” of October 24, 2021 shows a transfer of over 318 million ADA token, which enabled the means to flow from reserve pools in plug -in or government bonds.
However, ADA withdrawal remained open for 3 years after the transaction, replied Hoskinson and added that the “large majority of this 350 million ADA was redeemed by the unique buyers”, a process that lasted a complete of seven years.
“IOG has never given 350 million ADA. This is a lie. The overwhelming majority of the bulk was claimed, and the remaining person, which was falsified after seven years of waiting, was donated to overlap,” wrote Hoskinson in a post on May sixth.
Hoskinson “deeply injured” by the response of the community
Hoskinson confirmed that an examination report in reference to the hard fork in fork was underway, but added that he was “deeply injured” after the allegations by distrust of the community.
“In order to not get the advantage of doubt here without strong evidence, I mean that I don't have the connection that I believed with some people,” wrote Hoskinson in a post dated May 18 and added:
“After the examination report appears, I’ll probably hand over my X account to a team of media and alter the format of my AMAS and X rooms.”
Hoskinson, who was also one in all Ethereum's co-founders, is one in all the leading numbers in blockchain development.
In the Paris Blockchain week 2025, Hoskinson emphasized the necessity for a collaborative economy within the crypto industry, the growing competition by traditional technology corporations that penetrate into the blockchain area
