{"id":46478,"date":"2025-07-20T18:30:55","date_gmt":"2025-07-20T15:30:55","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=46478"},"modified":"2025-07-20T19:04:26","modified_gmt":"2025-07-20T16:04:26","slug":"charles-hoskinson-prepares-to-release-ada-audit-report-in-august","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/charles-hoskinson-prepares-to-release-ada-audit-report-in-august\/","title":{"rendered":"Charles Hoskinson Prepares to Release ADA Audit Report in August"},"content":{"rendered":"<p data-start=\"2848\" data-end=\"3111\">In the crypto space, trust is the ultimate currency. Once it&#8217;s shaken, reputations can be hard to repair. <strong data-start=\"2974\" data-end=\"2995\">Charles Hoskinson<\/strong>, the founder of <strong data-start=\"3012\" data-end=\"3023\">Cardano<\/strong>, now finds himself navigating this challenge after intense scrutiny from the community.<\/p>\n<p data-start=\"3113\" data-end=\"3155\">His response? Transparency\u2014delivered live.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/charles-hoskinson-prepares-to-release-ada-audit-report-in-august\/#Audit_Report_Incoming_Livestream_Announcement_Planned\" title=\"Audit Report Incoming: Livestream Announcement Planned\">Audit Report Incoming: Livestream Announcement Planned<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/charles-hoskinson-prepares-to-release-ada-audit-report-in-august\/#Firm_Response_to_600_Million_Allegations\" title=\"Firm Response to $600 Million Allegations\">Firm Response to $600 Million Allegations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/charles-hoskinson-prepares-to-release-ada-audit-report-in-august\/#Legal_Action_on_the_Table\" title=\"Legal Action on the Table\">Legal Action on the Table<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"3162\" data-end=\"3427\"><span class=\"ez-toc-section\" id=\"Audit_Report_Incoming_Livestream_Announcement_Planned\"><\/span>Audit Report Incoming: Livestream Announcement Planned<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3162\" data-end=\"3427\">Hoskinson announced he received the first draft of the audit report on Input Output Global\u2019s <strong data-start=\"3316\" data-end=\"3323\">ADA<\/strong> holdings. While he asked for more details in some sections, he said the report is \u201cshaping up quickly.\u201d<\/p>\n<hr \/>\n<p data-start=\"3429\" data-end=\"3648\"><em>You Might Be Interested In: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/sonic-svm-research-can-new-stablecoins-shake-up-the-old-order\/\">Sonic SVM Research: Can New Stablecoins Shake Up the Old Order?<\/a><\/span><\/em><\/p>\n<hr \/>\n<p data-start=\"3429\" data-end=\"3648\">If everything proceeds as scheduled, the public release is expected in <strong data-start=\"3500\" data-end=\"3514\">mid-August<\/strong>. He plans to go over the entire document via livestream. A dedicated website will also host the full report and historical documents.<\/p>\n<h2 data-start=\"3655\" data-end=\"3853\"><span class=\"ez-toc-section\" id=\"Firm_Response_to_600_Million_Allegations\"><\/span>Firm Response to $600 Million Allegations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3655\" data-end=\"3853\">The audit process was initiated following allegations that IOG mismanaged $600 million worth of <strong data-start=\"3799\" data-end=\"3814\">Cardano ADA<\/strong>. Hoskinson denied the claims, stating:<\/p>\n<p data-start=\"3855\" data-end=\"4032\">\u201cIOG never gave itself 350 million ADA. That\u2019s a lie,\u201d he said, adding that unclaimed ADA was donated to <strong data-start=\"3960\" data-end=\"3973\">Intersect<\/strong>, a community-driven organization, after a seven-year wait.<\/p>\n<p data-start=\"4034\" data-end=\"4165\">Hoskinson also rejected accusations that he manipulated the Cardano ledger using a &#8220;genesis key&#8221; during the 2021 Allegra hard fork.<\/p>\n<h2 data-start=\"4172\" data-end=\"4340\"><span class=\"ez-toc-section\" id=\"Legal_Action_on_the_Table\"><\/span>Legal Action on the Table<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4172\" data-end=\"4340\">Hoskinson confirmed he is considering legal options. He said he is meeting with a defamation law firm to discuss potential strategies.<\/p>\n<p data-start=\"4342\" data-end=\"4486\">\u201cNo matter how many times people lie, they cannot change reality,\u201d he said, vowing to clarify the full picture through the audit and livestream.<\/p>\n<hr \/>\n<p data-start=\"4342\" data-end=\"4486\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<span style=\"color: #0000ff;\"><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a><span style=\"color: #000000;\">,<\/span>\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a><\/span><span style=\"color: #000000;\">,<\/span>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"color: #0000ff;\">Twitter<\/span><\/a>\u00a0channels for the latest<span style=\"color: #0000ff;\">\u00a0<a style=\"color: #0000ff;\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a><\/span>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the crypto space, trust is the ultimate currency. Once it&#8217;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\u2014delivered live. Audit Report Incoming: Livestream Announcement Planned Hoskinson announced he received the first draft of the<\/p>\n","protected":false},"author":28,"featured_media":36335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[514,21025,21029,21028,21027,21035,19386,513,7134,1843,19216,1715,21030,21034,21032,21036,21024,21026,21031,21033],"class_list":["post-46478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-ada","tag-ada-audit-report","tag-ada-fund-management","tag-ada-misuse-claims","tag-allegra-hard-fork","tag-blockchain-audit","tag-blockchain-transparency","tag-cardano","tag-cardano-foundation","tag-charles-hoskinson","tag-crypto-audit","tag-crypto-community","tag-crypto-legal-issues","tag-crypto-trust-issues","tag-genesis-key","tag-hoskinson-legal-action","tag-input-output-global","tag-intersect","tag-ledger-manipulation","tag-livestream-audit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Charles Hoskinson Prepares to Release ADA Audit Report in August - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Charles Hoskinson to release ADA audit report in August. 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