Cardano Founder Hoskinson Denies Treasury Manipulation Claims

Cardano Founder- Hoskinson Responds to Cardano Treasury Allegations

Cardano Founder– The Cardano (ADA) community has witnessed growing tensions following a week of escalating conflict between Cardano’s founder Charles Hoskinson and the DeFi platform Optim Finance. At the heart of the controversy are resurfaced allegations accusing Hoskinson of manipulating the Cardano treasury. Hoskinson has firmly denied these claims, calling them part of a broader campaign to damage both his reputation and that of the Cardano project.

These allegations trace back to transactions around the 2021 Allegra hard fork, where some community members suggested that over $600 million worth of Cardano (ADA) might have been improperly accessed or redirected.

Hoskinson’s Response and Ongoing Audit

Hoskinson addressed the situation by confirming that an independent audit is currently underway to clarify the historical events. He emphasized that most of the Cardano (ADA) involved had been legitimately redeemed by original holders over a seven-year period. Describing the accusations as misleading, he stressed that they are based on technical misunderstandings and pointed out that no formal legal or regulatory proceedings have been initiated.

Optim Finance’s Role and Community Impact

Recently, attention has turned toward Optim Finance due to allegations that the platform supported individuals and narratives tied to the original claims. Hoskinson criticized Optim Finance for what he called an organized effort to spread misinformation and expressed concern over the delegation of user funds to parties involved in the dispute.

He noted that this issue extends beyond personal criticism, highlighting the long-term harm to Cardano’s credibility and image within the broader crypto ecosystem.

In response, Optim Finance acknowledged the tensions but emphasized their four years of constructive involvement in the Cardano ecosystem. The team highlighted their contributions to key infrastructures like Minswap and defended their status as one of Cardano’s top contributors by transaction volume and total value locked.

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