Yigit Taha OZTURK 
In the crypto space, trust is the ultimate currency. Once it’s shaken, reputations can be hard to repair. Charles Hoskinson, the founder of Cardano, now finds himself navigating this challenge after intense scrutiny from the community.
His response? Transparency—delivered live.
Audit Report Incoming: Livestream Announcement Planned
Hoskinson announced he received the first draft of the audit report on Input Output Global’s ADA holdings. While he asked for more details in some sections, he said the report is “shaping up quickly.”
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If everything proceeds as scheduled, the public release is expected in mid-August. He plans to go over the entire document via livestream. A dedicated website will also host the full report and historical documents.
Firm Response to $600 Million Allegations
The audit process was initiated following allegations that IOG mismanaged $600 million worth of Cardano ADA. Hoskinson denied the claims, stating:
“IOG never gave itself 350 million ADA. That’s a lie,” he said, adding that unclaimed ADA was donated to Intersect, a community-driven organization, after a seven-year wait.
Hoskinson also rejected accusations that he manipulated the Cardano ledger using a “genesis key” during the 2021 Allegra hard fork.
Legal Action on the Table
Hoskinson confirmed he is considering legal options. He said he is meeting with a defamation law firm to discuss potential strategies.
“No matter how many times people lie, they cannot change reality,” he said, vowing to clarify the full picture through the audit and livestream.
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