TLDR
- Cardano to release ADA audit in mid-August, confirming review of 2021 token handling by Input Output Global.
- Hoskinson to livestream a full ADA audit report and launch a dedicated website for public access.
- ADA price jumped 4.19% to $0.86 after audit news and rising market momentum.
- Over 137 ADA whale transactions exceeding $1 million recorded in one week amid audit anticipation.
Cardano is preparing to release an audit of its ADA holdings in mid-August. The report, focused on the management of ADA by Input Output Global (IOG), comes after accusations of misuse of about 350 million ADA tokens. Charles Hoskinson, founder of Cardano, will publicly share the report through a livestream, aiming to address concerns within the community.
The audit covers ADA transactions dating back to 2021 and will be made accessible through a dedicated website. This release is expected to clarify the role of Hoskinson and IOG in ADA allocations during that period.
Audit Report Targets ADA Token Management Transparency
Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), has revealed that an audit report detailing the handling of ADA tokens since 2021 is set for public release by mid-August.
Having received a preliminary version, Hoskinson emphasized the need for more context and information before sharing the full report with the community. He reaffirmed his commitment to transparency, stating that the entire document will be read live on stream and published on a dedicated website accessible to all.
The audit focuses particularly on unclaimed ADA tokens following the Allegra hard fork. Hoskinson firmly denied any use of the “genesis key” to access the tokens, clarifying that the funds remained untouched for years before being donated to Intersect, a key Cardano ecosystem organization. This review aims to reassure stakeholders about IOG’s adherence to protocol integrity and responsible asset management.
I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it's shaping up quickly. I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays.
I will read the…
— Charles Hoskinson (@IOHK_Charles) July 20, 2025
Supporting Hoskinson’s remarks, IOG Chief Legal Officer Joel Telpner confirmed the mid-August release window. However, he declined to disclose the names of the legal and auditing firms behind the investigation. Following the announcement, ADA saw a price rally of 4.19%, hitting $0.86 amid broader market gains
Hoskinson Plans Livestream and Website for Full Public Disclosure
Charles Hoskinson plans to livestream the reading of Cardano’s ADA audit report, offering real-time access and interaction with the community. A dedicated website will host the full report and supporting documents, marking a major transparency move. The audit follows allegations made in May, accusing Hoskinson of misappropriating 350 million unclaimed ADA tokens — claims he has repeatedly denied.
In a recent post, Hoskinson said he’s meeting with a defamation law firm, hinting at possible legal action. He called the accusations “deeply hurtful” and said they’ve caused “hundreds of millions of dollars of brand damage” to Cardano. The situation has sparked debate over his proposed plan to convert ADA reserves into stablecoins to improve ecosystem liquidity.
The Cardano community remains split. Supporters back Hoskinson’s legal efforts to clear his name, while critics worry a lawsuit could backfire, giving mainstream media fuel to question Cardano’s openness and decentralization.
ADA Price Movement and Market Reaction
Following the announcement, ADA’s price rose by 4.19% to $0.86, as it tracked broader momentum in the crypto market. Technical analysis shows that ADA broke resistance between $0.848 and $0.85, opening a path toward $0.90 and possibly $1.00 if momentum continues.
Whale activity around ADA also increased. Over 137 large transactions, each exceeding $1 million, were recorded in one week. This trend suggests growing interest from large investors amid the audit developments and recent protocol upgrades.
Cardano’s recent upgrades and the introduction of wrapped ADA on Base have increased usage in decentralized finance (DeFi). The audit report and transparency efforts may support further community engagement and investor confidence, especially if the findings address long-standing concerns.
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