Cardano Founder Hoskinson Accused Of Selling 1.5 Billion ADA During 2021 Rally, On-Chain Analysis Shows

ADA-1.82%
According to NFT creator Masato Alexander's on-chain tracing work released on X, Cardano founder Charles Hoskinson is facing new allegations tied to 1.5 billion ADA movements during the 2021 market rally. Alexander's analysis claims a 925 million ADA transaction and nine 20 million ADA payments show a closer connection to IOG than previously documented, reducing intermediary transaction hops from roughly 40 to between one and seven. The researcher cautioned his work represents a best-effort attempt at on-chain investigation and does not definitively prove control, exchange sales, or contractual obligations. Separately, Thomas Braziel cited Isle of Man Foundation filings suggesting Hoskinson served as "Enforcer" of an early Cardano foundation structure.
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