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Charles Hoskinson Responds to $600M ADA Misuse Accusations: ‘Deeply Personal and Damaging’

  • 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.

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