Cardano founder Charles Hoskinson has confirmed that the audit of ADA tokens is nearing completion, with the full report expected to be published by mid-August.
Audit Planning
Hoskinson stated that he has received the initial copy of the audit report, which reviews ADA tokens held by Input Output Global since 2021. He is seeking more clarity and context in several key areas before making the report public.
Commitments to Transparency
The Cardano founder has pledged full transparency, planning to livestream a reading of the audit report and publish it on a dedicated website for the Cardano community. IOG’s Chief Legal Officer Joel Telpner also confirmed the timeline, although the names of the law and audit firms involved remain undisclosed.
Community Reaction and Token Price
Following Hoskinson’s announcement, ADA’s price jumped 4.19%, trading at $0.86. This coincided with broader bullish sentiment across the crypto market, with some observers noting that the audit news might be adding specific momentum to Cardano. Hoskinson also revealed that he’s meeting with a defamation law firm to explore legal action against those who made the original accusations, claiming that they have caused significant brand damage against Cardano.
As the mid-August deadline approaches, the Cardano community awaits the audit report with high anticipation. Whether the release will bring clarity or further controversy depends on the detail and completeness of the provided data.
