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Detailed Audit of IOG Assets to Be Released Next Month

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by Giorgi Kostiuk

4 hours ago


Charles Hoskinson, co-founder of IOG and the Cardano platform, announced plans to publicly disclose his company's assets. The audit is expected to be finalized next month.

Hoskinson's Commitment to Public Audit

In a post shared on X, Hoskinson stated that he just received the initial copy of the audit report. He requested additional details and context regarding certain aspects of the report. Hoskinson speculated that the final copy would be released next month, provided the work continues at the current pace.

Response to Allegations

Previously, IOG was accused of inappropriately acquiring a significant amount of Cardano, totaling around $600 million. Hoskinson denied these allegations, stating they reflected a lack of trust within the community and expressed his sadness. He also clarified that IOG did not allocate 350 million unclaimed ADA to itself, as claimed in the accusations.

Future Plans After Resolution

Hoskinson indicated that he plans to change his approach to public engagements once all allegations are settled. Specifically, he aims to hand over his X account to a media team and rethink how he conducts his AMAs and X spaces.

The situation surrounding IOG and allegations against Charles Hoskinson continues to attract public interest. The upcoming release of the asset audit may help clarify the current situation.

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