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Cardano founder Charles Hoskinson has confirmed the forthcoming release of an audit report addressing allegations surrounding Input Output Global's (IOG) ADA treasury holdings. In a July 19 social media update, Hoskinson revealed he received the initial draft but requested additional details before public disclosure.
The blockchain executive anticipates publishing the comprehensive review by mid-August, provided the current pace continues without delays. Hoskinson committed to unprecedented transparency, promising to personally walk through the document during a live-streamed reading session. A dedicated website will host both the final report and historical records of ADA's initial distribution.
This development follows May allegations from community members questioning the handling of 【600 million ADA】 during Cardano's 2021 Allegra upgrade. Hoskinson previously dismissed these claims as "categorically false," maintaining all unclaimed tokens were properly transferred to non-profit entity Intersect.
——We're meeting with defamation specialists next week to evaluate our options—— Hoskinson noted, suggesting potential legal action against accusers. The controversy emerges as ADA trades at $0.8389, according to Nansen data, with the cryptocurrency market showing increased sensitivity to project transparency metrics.
Industry observers note the audit's release could set new precedents for blockchain governance accountability. Unlike many proof-of-stake networks, Cardano maintains its original treasury model rather than transitioning to foundation-controlled assets—a design choice that now faces its most rigorous public examination.
The report's methodology remains undisclosed, though blockchain analysts speculate it may include:
• Comprehensive wallet activity analysis
• Hard fork transaction verification
• Third-party validator confirmations
Community response has polarized, with some applauding the transparency initiative while others question the four-month preparation period. The livestreamed review—a first for major blockchain projects—could establish new standards for addressing governance controversies in decentralized ecosystems.