Charles Hoskinson, founder of Cardano, addresses allegations of ADA theft linked to IOHK, calling it a 'coordinated campaign of defamation.'
Hoskinson explains the complex redemption process after the ADA token sale in Japan between 2015-2017, involving unredeemed ADA vouchers managed by a third-party distributor, Attain.
The controversy arises from unconverted ADA vouchers that were left in special addresses on the Cardano blockchain after Attain shut down following a change in Japanese law.
Hoskinson criticizes the Cardano Foundation for not acknowledging the redemption process, clarifies that 99.8% of ADA was redeemed, and plans to publish audit reports to address the misinformation.