Charles Hoskinson, the founder of Cardano, is advocating for increased transparency regarding the initial audit of Input Output Global (IOG) ADA Holdings. He anticipates that the audit will be ready for publication in about a month.
“I’ve received the preliminary audit report and have asked for additional details and context in several areas, but it’s progressing quickly,” Hoskinson noted in a post on X over the weekend.
Expectations for a Smooth Release
“We expect to have a release by mid-August, as long as things continue on this track without delays,” he mentioned.
Back on May 19, Hoskinson stated that he would be releasing an audit report owned by the IOG Treasury after dismissing claims that $600 million worth of Cardano (ADA) was misused.
At that time, Hoskinson expressed feeling “deeply hurt” by the community’s mistrust following these allegations.
He clarified on May 6 that, “The IOG never gave away 350 million unclaimed ADAs. That’s simply not true. Most were presumed lost, and after waiting seven years, the remaining amount was donated,” as he stated in an X post.
“Lies won’t change reality, no matter how often they’re repeated,” he added.
Legal Options on the Table
This response came after scrutiny from community members regarding the handling of the Cardano ledger, specifically about the “Rewrite and Control the Genesis Key” during the 2021 Allegra Hard Fork, which was worth around $619 million.
Hoskinson mentioned that he would provide a comprehensive explanation of the audit when it is made available via livestream.
“I’ll review the entire report during the livestream,” he stated, noting that there would be a dedicated website for it along with “other historical artifacts of the sale.”
Additionally, he indicated that he might pursue legal action against those making the allegations. “We’ll be discussing options and strategies with our legal team next week,” he said.
