asserted<\/a>, sharing a screenshot of a private conversation where Alexander revealed his efforts to secure funding for his venture, Akua.<\/p>\nThe screenshot prompted an immediate response from Alexander, who pushed back, stating, \u201cDo you seriously want to expose DMs, Charles? Let\u2019s not go there.\u201d This interaction unveiled further discussions, including one with Phil Harman, CEO of Anastasia Labs, who suggested the possibility of a Cardano version of Akua. Harman later expressed discontent at the exposure of their exchange, emphasizing that he was only trying to provide constructive feedback on Alexander\u2019s decentralized application (dApp).<\/p>\n
Akua aims to innovate within the prediction market space, focusing specifically on managing risks associated with natural disasters, such as earthquakes. As outlined in a white paper, the project intends to evolve and cover wider threats. The initiative\u2019s architecture is built for Ethereum Virtual Machine (EVM) compatibility, a point highlighted by Cardano engineer Lucas (@rvcas), who accused Alexander of using the controversy as a marketing tactic to gain attention from Ethereum supporters.<\/p>\n
Hoskinson agreed with this viewpoint, labeling the scandal as a calculated smear tactic designed to attract the Ethereum community, threatening to pursue legal actions and calling for an independent audit to clarify the treasury transactions in question. He asserts that over 99.8% of the original ADA vouchers have been redeemed and that the small remaining balance\u2014estimated between 18 to 24 million ADA\u2014was contributed to Intersect, a newly established member-based governance organization.<\/p>\n
Understanding the ADA Voucher Sweep<\/h2>\n
In a more detailed discussion on X, Hoskinson delved into the 2021 voucher sweep\u2019s mechanics, noting that many Japanese retail buyers, particularly elderly individuals, faced difficulties in the original redemption process. \u201cThere was a commercial obligation to modify the redemption process,\u201d he noted, specifying that two out of three genesis key-holders approved the upgrade that eliminated the unredeemed addresses.<\/p>\n
According to Hoskinson, no ADA was “stolen,” dismissing the narrative as “absurd” and criticizing media interpretations that supported this perspective. Conversely, Alexander regards the voucher sweep as an unjust alteration that deprived early investors of their funds, claiming that only about $7 million from the swept assets has been traced to Intersect.<\/p>\n
As reported by Bitrabo, a thorough ADA voucher redemption audit is currently being conducted by the esteemed law firm McDermott Will & Emery (MW&E) and audit firm BDO, expected to provide clarity once completed. The exact publication date is yet to be announced.<\/p>\n
As of the latest data, ADA is trading at approximately $0.7889.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The heated exchange between prominent blockchain figure Charles Hoskinson and NFT artist Masato Alexander has captured the crypto community’s attention. This conflicts surround allegations that Hoskinson redirected a significant sum of ADA\u2014approximately 318 million tokens valued at $619 million at that time\u2014from pre-sale wallets into Cardano\u2019s reserves during the Allegra hard fork in 2021. As […]<\/p>\n","protected":false},"author":14,"featured_media":32445,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Hoskinson Claims $600M Cardano Smear Fueled by ETH Drama - Bitrabo","description":"The heated exchange between prominent blockchain figure Charles Hoskinson and NFT artist Masato Alexander has captured the crypto community's attention. This co"},"footnotes":""},"categories":[316],"tags":[1415,12462,2200,561,12461,4342],"class_list":["post-32444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-cardano","tag-ethbacked","tag-hoskinson","tag-million","tag-smear","tag-stunt"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/32444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=32444"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/32444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/32445"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=32444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=32444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=32444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}