Cardano's Hoskinson Cleared of $600M ADA Voucher Manipulation Allegations
Cardano's Charles Hoskinson has denied allegations by NFT artist Masato Alexander, who accused him of manipulating the Cardano ledger and diverting $600 million worth of ADA vouchers. An independent audit has since cleared Hoskinson of wrongdoing.
Alexander's claims sparked a storm in the crypto community. However, an independent forensic audit found that 99.7% of ADA vouchers were properly redeemed, dismissing Alexander's accusations. Hoskinson, CEO of Input Output Global, swiftly denied the allegations, stating that the majority of vouchers had been redeemed by ICO participants.
Hoskinson has since demanded accountability from Cointelegraph Germany, alleging that their reporting on the ADA Voucher controversy in May negatively impacted Cardano's reputation and value. Despite the audit results clearing Hoskinson, Cardano still faces reputational challenges due to inaccurate reporting. Hoskinson has called on other cryptocurrency projects to withdraw their advertisements from Cointelegraph and refuse to attend their events, citing concerns over journalistic integrity.
The ADA Voucher controversy has highlighted the importance of integrity in crypto journalism and transparency within the blockchain community. While Hoskinson has been cleared of wrongdoing, Cardano continues to grapple with reputational issues stemming from inaccurate reporting. The crypto community awaits further developments in this ongoing saga.
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