Cardano Founder Plans Mid-August Audit to Address $600 Million ADA Allocation Allegations
2025-07-20 20:03:47
Main Idea
Cardano is addressing rumors of a $600 million ADA theft with an upcoming audit, while maintaining a bullish market outlook despite the controversy.
Key Points
1. An audit is underway to debunk false claims that Input-Output Global (IOG) illicitly acquired $600 million worth of ADA tokens during the 2021 Allegra hard fork.
2. Charles Hoskinson and IOG have denied the allegations, clarifying that most of the ADA in question was part of a seven-year grace period.
3. The audit, expected by mid-August, aims to provide transparency and reinforce Cardano's credibility.
4. Despite the scandal, Cardano's market performance remains optimistic, with potential for further stabilization and investor attraction.
5. Legal measures may be pursued against individuals spreading defamatory information to maintain investor confidence.
Description
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