Cardano News: Everything to Know About The Hottest ADA Topic Right Now

The Cardano voucher news story has recently stirred renewed conversations across the digital asset community.

Market participants asked tough questions about an old ADA pre-sale. There was curiosity on management of the unclaimed funds.

What ended years ago has become a heated topic, with opinions divided and reputations on the line.

Understanding the Cardano Voucher Situation and How It Unfolded

As described by a self-acclaimed Cardano thinker, Dori, between 2015 and 2017, the firm sold ADA vouchers to early supporters, mainly in Japan.

These vouchers represented about 2.59 billion ADA and were redeemable once the mainnet launched in 2017.

People who bought the vouchers at the time could claim their ADA using the Daedalus wallet.

A company called Attain Corp handled the sales, and buyers had to provide their ID and other documents as part of the process.

IOHK (now called Input Output Global), the Cardano Foundation, and EMURGO closely monitored the voucher campaign to ensure proper execution.

However, not everyone who bought the vouchers redeemed them. Roughly 318 million ADA, about one percent of the total amount sold, remained unclaimed.

As part of its roadmap, in 2020, Cardano transitioned to the Shelley era.

This made voucher redemption technically impossible because older Byron-era addresses were no longer supported.

To handle the issue, the Allegra hard fork activated a function in December 2020 that retrieved unclaimed ADA and returned it to the system reserves.

Later, in October 2021, Cardano moved around 318.2 million ADA from the reserves into six designated stake addresses.

These were escrow wallets which processed claims for original voucher holders.

From then until 2024, Input Output Global led a focused effort to trace buyers, especially in Japan. The goal is to help many of them reclaim their funds.

By the end of the redemption period, over 300 million ADA were returned to verified owners.

Around 18 to 19 million ADA remains in escrow, unclaimed due to incomplete documentation or lack of response from the buyers.

Cardano News: Founder Charles Hoskinson Faces the Storm

Despite the voucher stance , ADA price has added more than 20% in the weekly chart.

Recent Cardano news saw some people in the digital asset community started accusing Charles Hoskinson and the IOG.

They suggested mishandling or something worse was going on. The accusations quickly picked up steam, with parts of the crypto media suggesting foul play.

In response, community members and developers who had worked closely with the ecosystem spoke out.

They pushed back on the claims, pointing out that Hoskinson never had control of the funds himself.

It was stated that every voucher payment and transfer followed set rules and could be tracked openly on the blockchain.

TapTools, a key voice in the Cardano community, strongly defended Hoskinson. The platform mentioned that the scandal was based on false claims.

Some even think this is a campaign to distract from recent news. Charles Hoskinson recently praised five advanced projects in the Cardano roadmap.

They argued that painting him as dishonest contradicted everything he had done for the ADA network over the years.

Critics Turn Their Sights on Legacy Crypto Media

Some of the backlash did not just target individuals but also long-standing crypto media outlets.

Critics asked why media platforms that once mocked ADA for being slow and academic were quick to believe he could not handle a voucher system.

The conversation has shifted to demand fairness and responsibility. At the same time, many misleading reports were later taken down.

However, the damage had already been done. Questions were raised about how rushed headlines can harm reputations.

It is worth noting that as pressure builds, an external audit report covering the complete pre-sale, redemption records, and remaining funds is expected soon.

The Cardano Foundation confirmed it had no direct role in the redemption process beyond referrals.

However, they support the audit to clear the air and give transparency.

Meanwhile, ADA received a big boost as the ETF approval odds jumped recently.