<ul><li>Charles Hoskinson, co-founder of Cardano and CEO of IOG, denied allegations of misappropriating $619 million worth of ADA tokens from the 2015-2017 token-generation event.</li><li>The dispute arose after claims that Hoskinson used a 350 million ADA transaction to 'rewrite the Cardano ledger,' which he refuted, stating that most of the ADA was redeemed by original buyers over a seven-year period.</li><li>Hoskinson emphasized that 99.8% of Ada vouchers were redeemed by buyers, with the remaining 0.2% donated to Intersect, and mentioned plans to publish an externally audited report on the crowdsale and redemption history.</li><li>IOG may pursue legal action against individuals making misconduct allegations and Hoskinson warned of possible litigation, stating that no further statements will be made until the closing report is published.</li></ul>

Cardano Founder Denies Allegations Of $619 Million ICO Misconduct

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