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.”

You Might Be Interested In: Sonic SVM Research: Can New Stablecoins Shake Up the Old Order?

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 A dedicated website will also host the full report and historical documents.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.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Charles Hoskinson Prepares to Release ADA Audit Report in August appeared first on Coin Engineer.

Sharp ACX Price Drop

ACX plunged from approximately $0.151 to $0.134 after allegations surfaced. At the time of writing, ACX is down 12.5% in the last 24 hours and 41% over the past month.

DAO Misconduct Allegations

Ogle, the pseudonymous founder of Glue, claimed the Across Protocol team used community treasury tokens—worth roughly $23 million—for their private entity. He further alleged the use of secret wallets tied to Risk Labs’ CEO Hart Lambur and others to push through opaque proposals.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Across Protocol Fires Back

Hart Lambur swiftly dismissed the claims as entirely false. He clarified that Risk Labs, a Cayman-based non-profit, used treasury grants for protocol advancement—not private gain. Lambur emphasized transparency in governance, stating token grants remain untouched and housed in multisig wallets. He also insisted that neither he nor the team had insider knowledge regarding the Binance listing, which they learned from a tweet.

These allegations shine a spotlight on the need for stronger transparency and governance within DAOs. Token voting practices and treasury management continue to be critical concerns for crypto investors.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post ACX Price Crashed Due to Incoming Claims! Response from the Team appeared first on Coin Engineer.