Cardano founder Charles Hoskinson prepares to publicly address audit concerns regarding Input Output Global’s ADA holdings, promising transparency and clarity.
Following allegations of misappropriation, Hoskinson commits to a detailed audit release and a live walkthrough to restore community trust.
COINOTAG reports that Hoskinson is also consulting legal experts to explore defamation claims against those spreading misinformation.
Charles Hoskinson to livestream full audit report on IOG ADA holdings, addressing misappropriation claims and enhancing transparency in Cardano’s treasury management.
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Charles Hoskinson, the visionary behind Cardano, has announced that the audit report for Input Output Global’s (IOG) ADA treasury holdings is progressing well, with an anticipated public release by mid-August. This move comes as a direct response to community concerns and allegations regarding the management of over $600 million in ADA assets. Hoskinson emphasized that the initial audit draft lacked sufficient detail, prompting his request for a more comprehensive and contextualized report. The forthcoming audit aims to provide full transparency into IOG’s treasury, reinforcing accountability and addressing the community’s demand for clarity.
The audit initiative was sparked by widespread skepticism following claims that IOG had misappropriated ADA funds. Hoskinson publicly refuted these allegations, stating that the majority of ADA was legitimately claimed and that any unclaimed tokens were donated to the Intersect project after a seven-year forfeiture period. He described the accusations as “lies” that do not alter the factual record. The controversy intensified after NFT artist Masato Alexander accused Hoskinson of using a “genesis key” to manipulate the Cardano ledger during the 2021 Allegra hard fork, a claim Hoskinson firmly denies. The audit report is expected to methodically dispel such misinformation by providing verifiable data and historical context.
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Source: https://en.coinotag.com/cardano-founder-charles-hoskinson-anticipates-mid-august-audit-report-release-amid-transparency-efforts/