Hoskinson promises audit, is ‘deeply hurt' by $600M Cardano treasury claims

The Cardano Foundation is preparing to release an audit report on its treasury holdings after fresh allegations surfaced claiming misappropriation of roughly $600 million worth of ADA ADA - $0.659604128583550 tokens. Cardano founder Charles Hoskinson is facing renewed scrutiny from community members, including non-fungible token artist Masato Alexander, who alleged that Hoskinson manipulated the Cardano ledger using a “genesis key to rewrite it and take control” of $619 million worth of Cardano ADA ADA - $0.659604128583550 during the network's 2021 Allegra hard fork.

Source: cointelegraph.com

Related symbols: ADAUSD

2025-05-19 13:19:04 GMT.

Link to source Join our Telegram channel

Price & Market Data

Price: $0.659604128583550

Volume 24h: $567,274,809.38

Market Cap: $23,308,921,298.45

Description

Cardano (ADA) is a cryptocurrency launched in 2017. Cardano has a current supply of 44,994,501,828.187738 with 35,337,743,183.176508 in circulation. The last known price of Cardano is 0.65757981 USD and is down -1.42 over the last 24 hours. It is currently trading on 1527 active market(s) with $561,167,303.06 traded over the last 24 hours. More information can be found at https://www.cardano.org.