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 nonfungible token artist Masato Alexander, who alleged that Hoskinson manipulated the ledger using a “genesis key to rewrite the Cardano ledger and take control” of $619 million worth of Cardano (ADA) during the network’s 2021 Allegra hard fork. 24, 2021, shows a transfer of over 318 million ADA tokens, which enabled the funds to flow from reserve pools into staking or treasury allocations
source: https://cointelegraph.com/news/hoskinson-audit-deeply-hurt-600-m-cardano-treasury?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound