Cardano founder Charles Hoskinson is requesting transparency on the initial audit of IOG’s ADA holdings and expects it to be ready for release in mid-August. He denies allegations of misappropriating $600 million in ADA and plans to explain the audit in a livestream. ADA is currently trading at $0.8389.

Hoskinson refutes claims that IOG gave itself 350 million unclaimed ADA and plans to meet with lawyers to discuss legal options. Allegations of manipulating the Cardano ledger during the Allegra hard fork have been made by community members, prompting Hoskinson to consider legal action against accusers.

Hoskinson anticipates a smooth release of the audit report and will host it on a dedicated website along with historical artifacts from the sale. Despite facing scrutiny and allegations, he remains determined to address the community’s concerns and maintain transparency about IOG’s treasury holdings.

Read more at Cointelegraph.: Charles Hoskinson Says IOG ADA Audit Set For August Release