Cardano Founder: Audit Report to Be Released in August

According to Jinse Finance, Cardano founder Charles Hoskinson stated that the initial draft of Input Output Global (IOG)'s ADA holdings audit report has been completed and is expected to be publicly released in mid-August. Hoskinson plans to provide a detailed explanation of the report via livestream and is considering taking legal action against false accusations. Previously, some community members questioned IOG's handling of $619 million worth of ADA tokens during the 2021 hard fork. Hoskinson emphasized that IOG has never held 350 million unclaimed ADA, and the remaining tokens have been donated to the Intersect organization. Currently, ADA is priced at $0.8389.