Cardano co-founder Charles Hoskinson is preparing to go public with a highly anticipated audit report, which will be released in mid-August. His announcement comes amid swirling accusations that Input-Output Global (IOG), the company behind Cardano’s development, improperly acquired hundreds of millions of ADA. $600 Million ADA Allegations Prompt Mid-August Cardano Audit Release In May, fake headlines circulated across social media, falsely accusing Charles Hoskinson of orchestrating a $600 million ADA theft. “I’m absolutely disgusted…The headlines I’ve seen are beyond damaging, they will require months if not years of work and millions of dollars to undo post-audit,” Hoskinson wrote in a May 20 post. The claim centered on unproven allegations that IOG used a “genesis key” to manipulate the Cardano ledger during the 2021 Allegra hard fork. Based on the claims, the team allocated roughly 350 million ADA to itself. Beyond denying the rumors, Hoskinson committed to an audit and potential legal action against pr