Ah, dear reader, gather ’round as we delve into the curious case of Cardano, a blockchain that has recently found itself in a rather scandalous spotlight. Our protagonist, Charles Hoskinson, the esteemed founder, has been accused of a most audacious crime: the alleged misappropriation of a staggering $619 million! Yes, you heard that right—$619 million! One might wonder if he has taken a page from the great Russian novelists, spinning tales of intrigue and deception.
The Mysterious Disappearance of $619 Million
On the fateful day of May 7, 2025, a certain Masato Alexander, an X user of dubious repute, made a claim that sent shockwaves through the digital ether. He alleged that 318 million ADA, worth a princely sum of $619 million, had vanished into thin air, with the finger of blame pointed squarely at our dear Charles. This alleged heist, it seems, coincided with the Allegra Hard Fork of 2021, a time when the very essence of the blockchain was purportedly altered.
According to Alexander, our dear Hoskinson had the audacity to deploy a code during what was thought to be a mundane upgrade, but lo and behold, it contained an extra payload! This nefarious act supposedly allowed him to erase the original ICO UTxOs, which held the aforementioned 318 million ADA, and transfer the funds to reserves under his control. One can only imagine the dramatic flair with which this tale unfolds!
The transaction in question was executed through an MIR transaction—Move Instantaneous Reward, if you will. Alexander claims this clever maneuver enabled the funds to be whisked away for treasury and staking rewards, leaving the community in a state of bewilderment and outrage.
As the rumors spread like wildfire, the Cardano community erupted in a frenzy, prompting Hoskinson himself to respond with a flourish. He vehemently denied the allegations, explaining that the ADA vouchers of the users had become unspendable post-hard fork, and thus, the funds were moved into a “custodial account” for redemption over the next three years. A legal threat was also issued, as if to say, “Beware, dear Alexander, for the law is not a mere suggestion!”
Charles Hoskinson’s Second Act
In a dramatic twist, our beleaguered founder re-emerged to address the swirling rumors once more. He lamented the hasty judgments cast upon him, even by those he considered friends. “Where were you when the storm raged?” one can almost hear him cry, echoing the sentiments of many a tragic hero.
As for the rumors, fear not! A full audit is promised, along with a report for the public’s perusal. Hoskinson, ever the showman, revealed that his interactions with the community would undergo a transformation, as if he were a character in a grand play, ready to change his role.
While he intends to continue gracing events and posing for photographs, he plans to hand over his X account to a media company—because, why not? And as for his X Spaces and AMAs, they will be restructured, for “infinite accessibility just enables it to happen again and again.” A fitting conclusion, indeed!
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2025-05-21 14:51