Ah, the mighty Cardano! Despite the spectacular $600 million ADA mishap that would make even the bravest tremble, the hordes of investors still cling to hope. CoinShares reports a tiny inflow of $0.1 million in the week of May 30. Yes, you heard right—less than a fancy coffee order! But given the spotlight on Charles Hoskinson, that little drip of money is more than enough to stir the pot. 😂
For three weeks running, Cardano products have sucked in positive flows—$2 million in May and a staggering $73 million in total this year. Not exactly a roller coaster, but enough to keep the skeptics scratching their heads. Apparently, the institutional crowd hasn’t totally lost faith, or maybe they’ve just got a good sense of humor about it all.
And what’s this? Early May brought accusations that would make anyone’s hair stand on end. NFT artist by day, investigator by night, Masato Alexander claimed Hoskinson secretly used a hidden function during the 2021 Allegra hardfork to stealthily slurp 318 million ADA—roughly $619 million back then—from dead wallets into his own piggy bank, or rather, his company’s. Nice trick, Charles! 🎩
Hoskinson, of course, denies all—saying 99.8% of the ADA was gently handed back to its original owners, and the rest was donated to Intersect, that noble Cardano ecosystem organization. Threatening legal action too! Because nothing screams transparency like a good old-fashioned lawsuit. 😎
But critics, those lovely gatekeepers of truth, say the community was left in the dark, blindfolded with a blind eye, with no public audit or clear records. Classic move, folks. The Cardano Foundation now promises an audit of its treasury—probably to reassure everyone that the magic trick wasn’t pulled again.
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2025-06-02 17:04