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Hoskinson promises audit, ‘deeply hurt’ by $600M Cardano treasury dispute

Coin Telegraph LogoCoin Telegraph12h ago

Hoskinson promises audit, ‘deeply hurt’ by $600M Cardano treasury dispute - Coin Telegraph

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Related: Solana co-founder proposes meta chain to fix blockchain fragmentationHoskinson “deeply hurt” by community reactionHoskinson confirmed that an audit report related to the hard fork is in progress, but added that he is “deeply hurt” by the community’s mistrust after the allegations.“To not be given the benefit of the doubt here without strong evidence to the contrary means I don’t have the connection I thought with some people,” Hoskinson wrote in a May 18 X post, adding:“After the audit report comes out, I’m going to likely turn my X account over to a media team and change the format of my AMAs and X spaces.”Hoskinson, who was also one of the co-founders of Ethereum, is among the leading figures in blockchain development.

Cardano founder Charles Hoskinson is facing renewed scrutiny from community members, including nonfungible token artist Masato Alexander, who alleged that Hoskinson manipulated the ledger using a “genesis key to rewrite the Cardano ledger and take control” of $619 million worth of Cardano (ADA) during the network’s 2021 Allegra hard fork.

Source: CardanoscanHowever, ADA redemptions stayed open for another three years after the transaction, responded Hoskinson, adding that the “vast majority of that 350 million ADA was redeemed by the original buyers,” a process that took a total of seven years.Charles Hoskinson.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets:

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Article Type: News Report

Published On: 2025-05-19 @ 14:09:42 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 347 words

Reading Time: 2 minutes read

Sentences: 10 lines

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Copyright Owner: © Coin Telegraph

News ID: 28826707

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Official Website: cointelegraph.com

Update Frequency: 45 posts per day

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News Last Updated: 7 hours ago

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