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Reading: 600 million dollars of island coin embezzlement claim
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EdaFace Newsfeed > Latest News > Altcoin News > 600 million dollars of island coin embezzlement claim
Altcoin News

600 million dollars of island coin embezzlement claim

vitalclick
Last updated: May 19, 2025 4:16 pm
1 week ago
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Crypto currency The markets are a place where complex discussions can find a place. One of them is about Ada Coin. CARDANO (ADA) $0.725868 It was one of the largest subcoins and in the upper league in the ranking for years. What are the claims that Ada Coin’s 600 million dollars were embezzled?

CARDANO (ADA) NewsAda Coin Price Estimation

CARDANO (ADA) News

Cardano’s founder Charles Hoskinson 600 million dollars brought to the agenda with new claims previously voiced Ada Coin spoke about. NFT The allegation of many community members, including artist Masato Alexander, seized Hoskinson Cardano Ledger during the 2021 Allegra Hard Fork. Allegedly used the Hoskinson Genesis key to seize the control of the $ 619 million dollar in the wallet and manipulated the network.

The “Move Instantneous Rewards” process of 24 October 2021 shows that 318 million domestic island coins were transferred to stake or treasury allocation. Hoskinson said;

“The majority of the 350 million islands were fired by real buyers. This process lasted 7 years. Iog never gave him 350 million unattended islands. This is a lie. The vast majority was demanded and the rest of which was lost after waiting for seven years was donated to Intersect.”

The Cardano Foundation, on the other hand, was not requested by its owners and denied the allegations that the tokens that remained from the Genesis period have been embezzled because they did not reach their owners.

Ada Coin Price Estimation

Following the latest developments CARDANO The founder said he would be much less active on social media after the audit report was shared. Hoskinson, who implies that he is hurting the process, will transfer his X account to the social media team and change the format of their sessions. Perhaps we can even see the expected leadership change for Ada Coin for years after these events. Hoskinson has been criticized by the community for the style of administration for years.

After the general sales, Ada Coin returned to support of $ 0.73 as expected. The price of BTC is recovering from the bottom for the time being, but China’s statements “the US damage the Geneva’s consultation” is a warning for a harder sales wave. If things go well, but the second time tested $ 105,800 is overcome by overcoming the resistance Ada Coin It can return to $ 0.86.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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