<ul><li>Masato Alexander accused Hoskinson and the Cardano development team of seizing 318 million ADA tokens during a past protocol upgrade.</li><li>The accusations claim that unspent tokens from Cardano's initial coin offering were redirected to the project's reserves through hidden code in the Allegra hard fork.</li><li>Hoskinson denied the allegations, stating that the tokens became inaccessible and were placed in a custodial account managed by the Token Generation Event.</li><li>Hoskinson mentioned that 99.8% of ADA from the original ICO was claimed by rightful recipients, with the remaining 0.2% returned to the TGE and donated to Intersect. Legal action will be considered if accusations persist.</li></ul>

Cardano Founder Threatens Lawsuit Over Token Manipulation Allegations

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