Cardano founder Charles Hoskinson says audit report is on monitor for mid-August launch

Cardano founder Charles Hoskinson introduced right this moment that the primary draft of a extremely anticipated audit report has been acquired and is progressing towards a deliberate mid-August launch.

“I simply acquired the primary copy of the audit report. I requested much more element and context in a number of areas, but it surely’s shaping up shortly,” Hoskinson wrote on X. “I consider we’re on schedule for a mid-August launch, assuming the work continues at this tempo and there aren’t any delays.”

The audit was initiated following allegations made in Could 2025 that Hoskinson and Enter Output International (IOG) had manipulated the Cardano ledger throughout the 2021 Allegra onerous fork to regulate roughly $600 million price of ADA tokens.

NFT artist Masato Alexander, who made the allegations, accused Hoskinson of utilizing a “genesis key” to switch 318 million ADA from the reserve to varied different swimming pools.

Hoskinson denied these claims, stating that many of the ADA in query had been redeemed by authentic patrons throughout a seven-year declare interval, with the remaining unclaimed tokens donated to Intersect, Cardano’s governance group.

IOG by no means gave itself 350 million unclaimed ada. This can be a lie. The overwhelming majority was claimed and the remaining that was forfeited after seven years of ready was donated to Intersect. Intersect was funded the identical method and by the identical TGE that funded the CF.

Irrespective of what number of…

— Charles Hoskinson (@IOHK_Charles) Could 6, 2025

The report shall be made public by a devoted web site that may even embrace historic paperwork from the sale, in line with Hoskinson.

“I’ll learn your complete report through a livestream as soon as it turns into accessible,” Hoskinson stated, including that updates will are available in early August.

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