A recent audit of Cardano confirmed a high level of voucher redemption and cleared IOG of fraud allegations.
Audit Findings on Voucher Program
The audit revealed that 99.7% of ADA vouchers were successfully redeemed, refuting claims made in May 2025. The investigation also found no wrongdoing on the part of IOG's founder, Charles Hoskinson.
Successful Redemption Process Completion
As of August 15, 2025, 99.2% of vouchers had been redeemed, equating to 142,181 vouchers or 25.9 billion ADA tokens. The audit confirmed that the redemption process was conducted without issues and all operations were transparent.
Allegations Against IOG Found Baseless
The audit praised IOG for its responsible fund management and stated that all allegations against IOG and Hoskinson were without merit. The team demonstrated transparency in their actions, enhancing trust within the Cardano community.
The Cardano audit confirmed that the majority of vouchers were successfully redeemed and dismissed all allegations against IOG. The audit results ensure transparency and further development of the Cardano ecosystem.
