The Cardano (ADA) community is unleashing heated debate over the charges targeting his co-founder, Charles Hoskinson. Criticism has shown suspicions of rewriting the network’s major books to manipulate token flows, creating a division between critics and defenders.
On May 19, Hoskinson, leader of Input Output Global (IAG), one of the three companies behind Cardano development, denied the accusations and pledged an audit to clarify the facts.
Additionally, Cardano CEO, who questioned the media’s actions when exposing the conflict, proposed a survey of ADA holders to know what they will to implement. Collective claims To those who planted him.
By coincidence with this issue in the Cardano community, Token de Ada recorded a decline from today’s $0.75 Minimum of $0.72according to Coinmarketcap, it was collected at the time of this writing and quoted at $0.73 per currency.
The biggest book manipulation accusation
The origin of the controversy dates back to a thread published on May 7, 2025 on the X platform. It is the X platform by Alexander Masato, a non-huge token artist (NFT) known for its cryptocurrency ecosystem.
According to Massart, after a fierce branch in 2021 (Hard fork) “Aregra” – a technical cardano procedure that created a new version of the network that is not compatible with the previous Rewrite the main book for that network.
These keys, which have extensive control over the network in the early stages, would have allowed 318 million ADAs to move. $619 million at the timefrom addresses associated with the initial offer (ICO) of currency (ICO) for network reserves without the consent of the original owner.
According to Massart, this would have driven Hoskinson’s funds.
Massart claims that Hoskinson’s maneuvering was performed in two steps. First, the Allegra branch included technical features. Uncut transaction records have been eliminated (utxos) Transfers funds to Cardano reserves of the initial offer of currency.
Second, the transaction known as MIR (Move Instant Rewards) on October 21, 2021 is designed to move funds from reserves for purposes such as staking and the Ministry of Finance. Redistributed these 318 million ADAs. Massart added extracted images of Cardosan Block Explorer on suspicion of the distribution of these token ADAs.
According to the complainant, Hoskinson said most of these possessions were allegedly claimed by the original buyers of the ICO, but Massart asked. Lack of transparent documents Details of the fate of these tokens. He further points out that the fund has generated 25 million additional ADAs via staking.
The artist also points out a lack of clarity regarding Intersectmbo, an organization intended to promote Cardano’s development. Hoskinson said some of the funds were allocated to the entity, but Massato quoted a statement from the interim director indicating that Intersect received it. Just $7 millionthe lowest percentage of 619 million people is involved. According to Massart, these contradictions result in the location of most funds. That hasn’t been explained yet.
Masato’s statement resonated among some members of the Cardano community who expressed concern over the apparent lack of transparency in projects that promote decentralization.
Hoskinson’s position: There’s no evidence
Charles Hoskinson in response to the accusation He denied the irregularity Management of the Cardano Fund.
In his response to Massart, he said ADA red (the process in which the original buyer of the first offer exchanged a voucher for the token ADA on Cardano’s active network). They remained open for another three years “The majority of these 350 million ADAs were redeemed by the original buyers,” Hoskinson said in an extended seven-year effort. «IAG was not awarded an ADA of 350 million unclaimed. This is a lie. The majority were alleged and then donated to cross what remained after seven years of waiting,” he wrote.
In another publication on May 18th, he said: “To not receive the benefit of doubt here without strong evidence for that means there is no connection I thought to have with some people. “After the report is published, I proceeded to say that I could delegate your X account to the media team and change the format of that public interaction.
Supporting Cardano Community Members for Hoskinson
Several ecological actors came out to protect Hoskinson. On May 20, 2025, Cardanians, the Representative (DREP), the role of allowing ADA holders to vote in governance decisions, issued a statement in support of co-founders. «There is no evidence of irregularity by Charles or IAG. An audit is underway. In this campaign of attacks against Charles and Cardano, we will be with him».
Similarly, ADA’s financial analytics platform, Taptools, defended Hoskinson’s transparency. «The facts are clear. Charles did not control these funds.. The IAG did not touch the voucher money. This is not a scandal, it’s a distrustful campaign». Jerry Fraiskatos, exexexecutecutious of IAG company, said during the ADA reimbursement period, the team had taken a rigorous process to act consistently and find owners of unreleased vouchers. «Question is valid It’s not that to blame theft without evidence. The audit speaks for itself,” he said.
Emurgo, one of Cardano’s three founding entities, supported Hoskinson along with the IAG and the Cardano Foundation, highlighting that most vouchers were successfully advocated after a thorough process. Jane, a participant in the Cardano ecosystem, further suggested that the accusations came from.Troll»The hidden interest and the three founding entities support the legitimacy of Hoskinson’s actions.
Although the information available does not allow the accusation to be reviewed, the audit promised by Hoskinson is key to addressing these doubts. Meanwhile, the community remains divided. On the other hand, those who see the opportunity to demand greater transparency in the accusations. Meanwhile, those who believe that criticism is an attempt to destabilize the project.
