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Renowned cryptocurrency bankruptcy creditor investor Thomas Braziel cited the Isle of Man company registration documents, saying that the predecessor of the Cardano Foundation, the Isle of Man Foundation, was established during the 2015 ICO, and that Cardano founder Charles Hoskinson served as a trustee. According to information from the Cardano official website, the foundation had received approximately 1090 BTC. Since the foundation was dissolved in December 2025, Braziel has called for the public disclosure of the whereabouts of the related BTC and the foundation’s governance documents, adding that there is currently no accusation of any wrongdoing, but rather a request for further disclosure. Cardano’s official response has not been released yet.