Cardano Foundation is preparing to publish an audit report on the state of its treasury after accusations of assigning ADA $ 600 million.
NFT-artist Masato Aleksander said that the founder of the Cardano blockchain platform Charles Hoskinson used a genesis key to change the registry and transfer of 318 million ADA during the Allegra hardfort in 2021.
In 2021, Charles Hoskinson Unilately Used His Genesis Keys to Rewrite The Cardano Ledger and Take Control of ₳ 318m ($ 619m)
By Comparison, When The Dao Hack Happened in 2016, The Ethereum Community Formed Over $ 60m.
One of the Largest Ledger Reorgs in Blockchain History: 🧵
– Masato_alexander (@masatoalexander) May 7, 2025
As evidence, the expert brought a transaction that launched the renewal of the protocol, and the commander on GitHub.
Coins brought 25 million ADA remuneration for staining, added Alexander. Hoskinson commented on the accusations.
Because you cannot read. The Vast Majority of that 350 Million Ada Was Redemed by The Original Buyers. IT took Seven Years.
– Charles Hoskinson (@iohk_Charles) May 6, 2025
Aleksander noticed that the genesis block of the Cardano network was created in October 2017.
Hoskinson announced the preparation of an audit report related to the hard fork. He emphasized that he was “deeply wounded” by the distrust of the community.
In May, Hoskinson announced a private stablecoin based on Cardano.
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Source: Cryptocurrency
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