Audit Report or Audit ‘Scam’? Hoskinson’s Saga Continues!

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Deep within the quiet corridors of Input Output Global, where the air was thick with both hope and suspicion, the founder himself, Charles Hoskinson, found himself ensnared in a curious predicament. The initial audit report of his firm’s ADA holdings lay before him—a labyrinth of numbers and clauses that begged for clarity. With a mixture of determination and a hint of exasperation, he declared on a public post on X, “I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it’s shaping up quickly.” One could almost detect a smirk in his tone, as if he were playing chess with fate. 😏

With the patience of a seasoned farmer awaiting the first harvest, Hoskinson expressed confidence that the report would be ready by mid-August, assuming the steady rhythm of progress maintained its tempo. “I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays,” he added, his words echoing the quiet optimism of a man who had weathered many storms. 🌤️

Earlier, on the 19th of May, amidst swirling rumors and accusations, Hoskinson had announced his intention to publish an audit report detailing the treasury holdings of his firm. This came after he fervently denied the unfounded allegations that a staggering $600 million in Cardano had been misappropriated—a claim that weighed heavily on his heart. His voice, tinged with hurt, carried the echoes of betrayal. 😔

At that moment, the weight of mistrust from his community pressed upon him; he confessed to feeling deeply wounded by the insinuations, as if every rumor were a dagger to his soul. The somber mood was reminiscent of a Chekhovian tragedy, where every word was a silent battle against fate. 💔

Addressing the swirling rumors with a mix of sarcasm and earnestness, Hoskinson clarified, “IOG never gave itself 350 million unclaimed ADA. This is a lie. The vast majority was claimed, and the remaining, after seven long years of waiting, was generously donated to Intersect.” His words were a defiant retort to the endless stream of falsehoods, each lie a testament to the futility of deception. 🤨

“No matter how many times people lie, they cannot change reality,” he declared, his voice a quiet testament to the immutable truth of existence—a truth that even the most artful of fabrications could not alter. 🎭

Hoskinson Will Meet Lawyers to Discuss Options

The accusations did not end there. A chorus of voices, including that of the non-fungible token artist Masato Alexander, alleged that Hoskinson had manipulated the Cardano ledger with a so-called “genesis key” to rewrite its history and seize control of an astonishing $619 million worth of Cardano during the infamous 2021 Allegra hard fork. The charge hung in the air like a dark cloud over a somber Russian landscape, casting long shadows of doubt and intrigue. 😬

Undeterred by the mounting controversy, Hoskinson vowed that once the report was published, he would explain its intricacies in a comprehensive livestream—a modern-day proclamation reminiscent of a town crier in a digital age. 🎥

“I will read the entire report via a livestream once it becomes available,” he announced, adding that a dedicated website would serve as a digital archive, hosting not only the report but also various historical artifacts from the sale—a digital museum curated with meticulous care. 📜

Furthermore, in a final twist of irony, Hoskinson hinted at exploring legal avenues against those who had cast aspersions upon him. “Meeting with the defamation law firm next week to discuss options and strategy,” he announced—a nod to the often unpredictable dance between truth and justice in the modern era. 👨‍⚖️

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2025-07-20 09:58