Tensions have erupted in the Cardano ecosystem after fresh accusations targeted founder Charles Hoskinson over alleged manipulation of the Cardano treasury. The claims, linked initially to transactions during the 2021 Allegra hard fork, have resurfaced, stirring division within the community.
Discussions reignited this week have led to critics claiming more than $600 million worth of ADA may have been misused or redirected. Cardano’s founder rejected the claims, describing them as false and harmful to the company’s image. He announced that an independent auditor has been hired to assess the challenges in the transactions and ensure that everything is clear.
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He maintained that the tokens had been properly redeemed after being held for many years. He said these issues were caused by wrong assumptions about the technology and not any wrongdoing. No legal or regulatory measures have been taken about this issue.
The issue took a different form when Optim Finance, a Cardano DeFi platform, became the focus. Hoskinson said that by supporting these individuals, the platform was, in fact, spreading misleading information among its users.
He argued that Optim Finance gave user funds under its control to individuals linked to the accusations, which he saw as a failure of sound judgment.
Audit and Accusations Shake Cardano’s Core as Optim Finance Fires Back
Optim Finance responded by acknowledging the rising tensions but firmly defended its position within the Cardano ecosystem. The team highlighted a four-year record of building key infrastructure, including contributions to projects like Minswap.
They emphasized their standing as one of Cardano’s top contributors by transaction volume and total value locked. The platform refuted any role in spreading misinformation and promised to remain devoted to its development.
Despite how quickly the exchanges got heated, both sides insist that they are serving the community well. Yet, the conflict has drawn unwanted interest from people and could harm investor perceptions in the future.
The Cardano community remains on edge as the conflict between Hoskinson and Optim Finance deepens. With an independent audit underway and both sides holding their ground, the ecosystem faces growing pressure to restore internal trust and external confidence.
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