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Cardano Founder Charles Hoskinson Accuses Foundation of $600m Malfeasance, Demands Apology
ByAinvest
Thursday, Sep 4, 2025 10:38 am ET1min read
Cardano founder Charles Hoskinson has launched a scathing attack on the Cardano Foundation, alleging malfeasance of $600 million. Hoskinson denied the claims, stating the coins were redeemed or donated to a governance organization. The Cardano Foundation has responded, stating that an audit report published by BDO and McDermott, Will & Schulte seemingly proves there was no malfeasance. Hoskinson has called on investors to hold the Foundation accountable, suggesting a vote of no confidence or a class action lawsuit.
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