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According to Techub News and reported by Cointelegraph, Cardano founder Charles Hoskinson responded to community accusations of misappropriating approximately 600 million ADA and promised to release an audit report.
The community accused Hoskinson of manipulating the ledger using the genesis key during the Allegra hard fork in 2021. Hoskinson responded that the vast majority of ADA had been redeemed by the original purchasers, and the remaining portion had been donated to the Intersect organization. Additionally, in his latest statement, he expressed feeling "deeply hurt" by the community's distrust and indicated that he might hand over the management of social media accounts to a professional team after the audit report is released.