Hoskinson | Crypto

A new proposal from Cardano founder Charles Hoskinson could put the network on par with the likes of Solana and Ethereum—with crypto’s first true sovereign wealth fund. The post Cardano Price Prediction: Hoskinson’s Bitcoin Fund Could Trigger Long-Awaited ADA Breakout appeared first on Cryptonews.

Cardano founder Charles Hoskinson expanded his response to allegations that Input Output Global (IOG) misappropriated over 318 million ADA from unredeemed pre-sale wallets, calling the situation deeply personal and damaging. In a May 18 post on X, Hoskinson reflected on the reputational toll of the allegations, noting that the incident has reshaped his view of […] The post Cardano’s Hoskinson denies ADA misappropriation allegations, calls them deeply personal and damaging appeared first on CryptoSlate.

Charles Hoskinson has denied claims of misappropriating $600 million in ADA and says Cardano will publish an audit report following community backlash. 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 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) during the network’s 2021 Allegra hard fork. Related: Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300M Read more