Charles Hoskinson has responded to accusations of misappropriating 318 million ADA tokens during the 2021 Allegra hard fork, calling them deeply personal and damaging.
Allegations claim Hoskinson used access to Cardano's 'genesis keys' to redirect unspent ADA vouchers into Cardano's treasury without public approval.
Hoskinson denies the accusations, stating that the ADA in question was mathematically unspendable after the hard fork and was transferred to a custodial account for redemptions.
The scandal has polarized the community, with ADA price remaining relatively stable despite the allegations.