Charles Hoskinson accused Optim Finance of leading a smear campaign against Cardano, involving false claims of 318 million ADA diversion.
In response, Hoskinson initiated an audit to verify Cardano's protocol and disprove the $600 million theft allegation spread in the ecosystem.
Cardano faced community outrage over allegations, leading to intensified scrutiny, demand for accountability, and rejection of false information without evidence.
Hoskinson distanced himself from Optim Finance, cutting ties and pulling his stake out, urging Cardano participants to follow suit, resulting in a 23.7% drop in O's price.