Charles Hoskinson orders a full audit of Input Output Global due to allegations of $600M ADA token misuse.
Cardano Foundation is set to release an audit following claims of $600 million ADA misappropriation. Charles Hoskinson expresses deep hurt over the community's mistrust. Allegations include ledger manipulation using a genesis key.
Charles Hoskinson outlines IOG's roadmap for developing Bitcoin in the DeFi sector by 2025, aiming to boost scalability through a collaboration with Fair Gate Labs.
IOG has halted development of the Atala Prism project aimed at transforming educational and identity systems in Ethiopia, as per announcements on Midnight Discord and internal confirmations.
Cardano (ADA) has undergone significant developments with the Chang Hard Fork, but some investors question its relevance for 2024 amid competition from projects like Mpeppe (MPEPE).
Cardano's Charles Hoskinson offers a $1 million bounty to anyone who can hack the secure Lace Paper Wallet. The challenge, open until the end of 2024, aims to validate the wallet's security before a public release.
Justin Bons criticizes Cardano for centralization, alleging that Input Output Global (IOG) holds too much control over its protocol, sparking controversy and defense from the community.
Justin Bon claims Cardano (ADA) is 'extremely centralized' due to protocol control mechanisms granting IOG excessive power, including 'genesis keys' where IOG controls five out of seven.
Justin Bons of Cyber Capital criticizes Cardano's centralization, citing control of Genesis Keys by IOG. He acknowledges the project's commitment to decentralization.
Charles Hoskinson, Co-Founder of IOG, discussed the impact of the U.S. political landscape on cryptocurrency, highlighting the differences between Trump and Biden administrations.
