<ul><li>The controversy involves a 2021 transaction during the Allegra hard fork where 318 million ADA worth around $619 million were transferred into Cardano reserves, raising concerns about legitimacy.</li><li>Charles Hoskinson criticized crypto media for spreading unverified accusations without allowing Cardano to comment on the alleged $600 million theft.</li><li>Hoskinson proposed veracity bonds as a blockchain-based solution to combat misinformation in media and suggested holding media accountable through prediction markets and staking mechanisms.</li><li>The tension between crypto founders and industry media highlights the need for credible and transparent reporting in the Web3 ecosystem, as the Cardano Foundation readies the publication of the audit.</li></ul>

Charles Hoskinson Responds to $600M ADA Allegation, Slams Crypto Media for “Cesspool Journalism”

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