Charles Hoskinson says audit report ‘shaping up’ for August release
2025-07-20 06:49:49
Main Idea
Charles Hoskinson anticipates the audit report on Input Output Global’s ADA holdings will be ready for public release by mid-August, addressing community concerns about unclaimed ADA.
Key Points
1. Charles Hoskinson expects the audit report on IOG's ADA holdings to be released by mid-August if the current pace of work continues without delays.
2. Hoskinson announced the audit report on May 19 in response to community mistrust regarding ADA holdings.
3. Hoskinson denied allegations that IOG gave itself 350 million unclaimed ADA, stating the funds were donated to Intersect.
4. Hoskinson mentioned meeting with a defamation law firm to discuss options regarding allegations made by artist Masato Alexander about Cardano's 2021 Allegra hard fork.
5. ADA was trading at $0.8389 at the time of the report.
Description
Cardano founder Charles Hoskinson says he will read the full audit report over a livestream when it is released next month.
Latest News
- High-leverage trader James Wynn opens 25x long on ETH, 10x on PEPE2025-07-20 13:18:14
- Experts say ‘just a starting point’ as Crypto Week ends on a high note2025-07-20 11:19:18
- GENIUS Act blocks Big Tech, banks from dominating stablecoins: Circle exec2025-07-20 07:49:42
- Charles Hoskinson says audit report ‘shaping up’ for August release2025-07-20 06:49:49
- Bitcoin 43% social chat dominance suggests 'key entry point' ahead2025-07-20 04:15:08