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 - $0.540558408528485 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 - $0.540558408528485 during the network's 2021 Allegra hard fork.

Source: cointelegraph.com

Related symbols: ADAUSD

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

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Price & Market Data

Price: $0.540558408528485

Volume 24h: $1,199,205,476.14

Market Cap: $19,116,665,731.48

Description

Cardano (ADA) is a cryptocurrency launched in 2017. Cardano has a current supply of 44,995,094,951.409527 with 35,364,662,596.805385 in circulation. The last known price of Cardano is 0.53570706 USD and is down -3.61 over the last 24 hours. It is currently trading on 1533 active market(s) with $1,201,677,619.56 traded over the last 24 hours. More information can be found at https://www.cardano.org.