Is the crypto media treating @IOHK_Charles unfairly? https://t.co/xuveABOGpB
🧵 The $500M question: Is Charles Hoskinson secretly profiting from “unsold” $ADA? A financial sleight of hand may be letting the Cardano founder cash out while technically claiming he “hasn’t sold” his tokens. Here’s how the alleged scheme works ⤵️
The $500M question: Is Charles Hoskinson quietly profiting off unsold $ADA? https://t.co/IHx4ggejbP
Charles Hoskinson, founder of the Cardano blockchain platform, is facing allegations of a $600 million treasury fraud involving the cryptocurrency ADA. Hoskinson has strongly denied the accusations, describing them as false and expressing that he is deeply hurt by the distrust from the Cardano community. An audit is currently underway to investigate the claims and clarify the situation. The controversy has sparked debate within the crypto community, with some critics suggesting Hoskinson may be profiting from unsold ADA tokens through complex financial arrangements, while supporters argue that the accusations lack evidence and are attempts to discredit the protocol. The ongoing scrutiny highlights tensions around transparency and trust in the management of major cryptocurrency projects.
