Charles Hoskinson Announces Anticipated Release of Cardano Audit Report
Charles Hoskinson, the founder of Cardano, has provided an update on the audit report concerning Input Output Global’s (IOG) ADA holdings. The report is nearing completion and is expected to be released by mid-August. Hoskinson highlighted the report’s focus on transparency and detailed context, with plans to present it in full during a forthcoming livestream.
Background of the Cardano Audit
This audit was prompted by allegations of $600 million in ADA being misappropriated, which Hoskinson has categorically denied. He explained that most of the unclaimed ADA was either claimed by its rightful owners or contributed to Intersect, a step taken to bolster the Cardano ecosystem.
Legal Actions and Rebuilding Trust
Addressing the allegations, Hoskinson is considering legal measures against the accusers. The release of the audit report and the accompanying livestream are part of a broader strategy to clarify the situation and rebuild trust within the Cardano community.
ADA’s Current Market Position
As of the latest update, ADA’s trading price stood at $0.8389. The cryptocurrency community is eagerly anticipating the audit’s findings, which may influence ADA’s market dynamics.
