Charles Hoskinson demands vote of no confidence amid 600 million USD ADA scandal

Charles Hoskinson urges dissolving the Cardano Foundation to protect ADA’s ecosystem after allegations of misappropriating 300 million ADA tokens (over 600 million USD).

An independent audit exonerated Hoskinson, attributing the issue to miscommunication, though bearish market sentiment persists while on-chain data suggests a possible recovery for ADA.

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