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The Cardano Foundation has 1,090 BTC tied up in a “confusing account”; a well-known debt investor calls for public disclosure of where the funds went

MarsBitNews
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Mars Finance News: On June 8, cryptocurrency bankruptcy creditor investor Thomas Braziel posted on social media, saying that, based on the Isle of Man company registration documents and the information on Cardano’s official website, the Cardano Foundation’s predecessor, the Isle of Man Foundation, was established during the 2015 ICO period. He added that Cardano founder Charles Hoskinson previously served as a supervisor, and that the foundation had received about 1090 BTC. However, because the foundation was dissolved in December 2025, Braziel urged for the public disclosure of the whereabouts of the related BTC and the foundation’s governance documents, saying that he is not currently accusing any wrongdoing, but is requesting more disclosure. As of the time of writing, Cardano’s official response has not yet been received.
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