PANews reported on May 19th that according to Cointelegraph, Cardano founder Charles Hoskinson responded to community allegations about the misappropriation of Non-Fungible Token tokens worth approximately $600 million, promising to release an audit report. The controversy focuses on a transfer record of 318 million ADA (currently valued at approximately $229 million) during the Allegra hard fork in 2021, with Non-Fungible Token artist Masato Alexander accusing Hoskinson of tampering with the ledger using the genesis key.
Hoskinson clarified in a tweet on May 6th that the vast majority of ADA has been redeemed by the original purchasers, and the remaining portion has been donated to the Intersect organization. In his latest statement on May 18th, he said he felt "deeply hurt" by the community's distrust and indicated that after the audit report is published, he may hand over social media accounts to a professional team.
