In a deeply personal thread posted to X on Sunday, Cardano creator Charles Hoskinson said the past weeks’ accusations over the handling of unclaimed initial-coin-offering (ICO) funds had revealed “who [his] friends truly are” and left him determined to curtail his once-ubiquitous social-media presence.
“I’ll still be at events and take the time for pictures and handshakes,” Hoskinson concluded, “but it’s different now. This one has deeply hurt me and it’s not going to heal anytime soon.”
Between September 2015 and January 2017 Cardano raised roughly $62 million by selling 25.9 billion ADA vouchers—most of them in Japan—through Tokyo-based Attain Corporation. Buyers later redeemed the vouchers inside the Daedalus wallet when the network launched. Attain ran the sale for the project’s founding entities (IOHK, now IOG; the Cardano Foundation; and EMURGO) under full KYC/AML checks, a structure highlighted in contemporary investor materials and later research from Messari.
At press time, ADA traded at $0.7199.
