Following the controversial accusations, the results of the third -party forensic review of the refund program of the Cardano (Ada) voucher were made public. The founder of Cardano, Charles Hoskinson, says he is now “waiting for the apologies to arrive”.
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Cardano’s accusations have no “basis”
Last Wednesday, the Cardano community celebrated after the third -party forensic review of the Ada voucher redemption program has been published. The investigative report, conducted by the McDermott Will & Schulte law firm and by the Audit BDO company, has established that the accusations against the Global Input Output (IOG) have no basis.
“After the revision of tens of thousands of documents, a traditional forensic and eighteen forensic analysis and formal interviews of current employees, former employees, owners of vouchers, service providers, community members and other third parties, the investigation has established that each of the accusations relating to the investigation topics has no basis”, the relationship is recited.
The public accusations included five main accusations, including the experts stolen or used Ada who should have been assigned to the owners of voucher and that there were improper sales tactics relating to the voucher program.
The statements also accused Cardano’s blockchain updates of being designed to make the vouchers and the “private keys” of the owners of canceled vouchers difficult. Finally, the accusation according to which the insiders of Cardano did not have the legal right to send Ada non Redento to CDH and decide how to spend it.
The controversy emerged in May, when the non-fungible token artist (NFT) Masato Alexander said that Charles Hoskinson had “used unilaterally his Genesis keys to rewrite the cardano register” during the allocation of Allegra in 2021 to obtain control of 318-350 million Ada, about 0.2 percent of the initial allocation (ICO) who has removed years of years height that has removed years.
Hoskinson denied Alexander’s statements, claiming that 99.8% of the good vouchers were redeemed by their original buyers, while the remaining 0.2% was “returned to the TGE and donated to intersect through the same process that financed the Cardano Foundation”.
The results of the review
On the basis of the investigations, McDermott Will & Schulte and BDO discovered that the sources of public accusations against IOG and Charles Hoskinson had not originated from owners of vouchers not drawn up and did not identify evidence indicating that the production of input or Sawyer walked away any potential owner of vouchers who owned a valid voucher “.
In addition, they concluded that reasonable guardrails have been implemented to prevent marketing tactics and deceptive sales, noting that the program was not designed to take advantage of the elderly.
The audit also revealed that 97.3% of all vouchers, or 98.8% of the assigned, were redeemed in the chain during the byron and “substantial efforts were undertaken to cause the redemption of the voucher holders”.
As of August 15, 2025, 99.2% of the vouchers consisting of 99.7% of all ADA sold pursuant to the voucher program were redeemed through chain reimbursements and the post-way reimbursement project.
In the meantime, the revision has shown that the voucher certificates contained refund codes instead of “private keys”, confiring the accusation that these keys were subsequently eliminated. He also concluded that the insiders of Cardano did not appropriate the rewards from the unreatted ADA.
It’s time to go on, Hoskinson says
Hoskinson went to X Space to share the Audit result, reading the announcement of the Chief Legal Officer and Chief Policy Officer of IOG, Joel Telpner, and the executive synthesis of the 128 -page document.
The founder of Cardano said that it was a “deeply frustrating” process, noting that “it is something to attack my intelligence, my physical appearance, my business acumen, my integrity. It is something else to accuse me of a crime”.
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“This is over. And for the people who aroused this pot: do the right thing and sorry only. Having a little common cock as a human being. Sorry. We all go on, let’s say you were wrong. Having enough integrity to do it,” he asked.
Hoskinson has shared his hope that most people realized that the accusations were made “too far”, concluding that “we hope, now we can simply put this nightmare behind us”.
In the foreground image from Usplash.com, graphic designer from tradingview.com