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Cardano founder Charles Hoskinson has received the first draft of the long‑promised audit into Input Output Global’s (IOG) ADA holdings and says the document is “shaping up quickly.” In a X post on 20 July he wrote, “I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it’s shaping up quickly… I believe we are on schedule for a mid‑August release, assuming the work continues at this pace and there are no delays.”
Why The Cardano Audit Is Needed
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The audit is the centerpiece of Hoskinson’s effort to rebut accusations that IOG quietly commandeered roughly $600 million worth of ADA during the 2021 Allegra hard
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