Foto van Charles Hoskinson Door Gage Skidmore, CC by-Sa 2.0, https://creativecommons.org/licenses/by-sa/2.0/
After the accusations of the Cardano community that Charles Hoskinson appropriated hundreds of millions of dollars in Ada, Charles Hoskinson counterattack. The co-founder of Ethereum and founder of Cardano He announced a financial audit to provide total transparency. With this, the American businessman intends to demonstrate that there is nothing to hide.
Accusations against Hoskinson
Charles Hoskinson is under the spotlights of the Cardano community. According to criticism, he supposedly manipulated the blockchain and pocketed $ 619 million in ADA. The accusations date back to the Allegra hard fork in 2021.
The artist Nft Masato Alexander threw firewood in fire with a series of accusations in a post X:
In 2021, Charles Hoskinson unilaterally used his Genesis keys to rewrite the big book of Cardano and take control of ₳ 318 million dollars ($ 619 million)
In comparison, when the Hack Dao took place in 2016, the Ethereum community has fueled more than $ 60 million.
One of the biggest reorgs of the big book in the history of the blockchain:
– Masato_aalexander (@masatoalexander) May 7, 2025
Alexander shared evidence of a big transfer, but did not provide energetic evidence that Charles Hoskinson had really stolen money. He then followed an argument in which Hoskinson threatened to demand whether the artist did not end his slander. The accusations continued. Consequently, there could now be a trial of the founder of Cardano against Alexander for defamation.
Alexander said that 320 million ADA had disappeared. Hoskinson countered with their own tests: according to him, the parts had simply paid the original buyers. Cardano’s face shared the following declaration:
If they do not give me the benefit of the doubt, when there is not even solid evidence, otherwise, it means that I do not have the link with certain people I thought. After the next audit, I will probably give my X account to a media team and modify the format of my AMA accounts (ask me for anything) and x “.
Audit clarifies $ 600 million
Charles Hoskinson is also the CEO of Global Entrance (IAG), formerly Hong Kong (Iohk). This blockchain research company makes an audit and will soon publish a report. In this document, the treasure of the project will be examined. This could end speculation around the costs of around $ 600 million in ADA.
Among other things, the audit will examine the fork in question. This should demonstrate that IAG has not been inflicted on hundreds of millions on unleged.
Hoskinson recently spoke during the Week Blockchain in Paris, in which he called for greater and better cooperation in the cryptocurrency industry. According to him, it is very necessary to face the growing competence of traditional technological companies. Thanks in part to new regulations, more and more companies are entering the blockchain industry.
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