Cardano Plans August Audit Release Led by Hoskinson

• Lyla Velez
• July 21, 2025
• News
• 0 Comments

Charles Hoskinson, founder of Cardano and co-founder of Ethereum, announced the impending August ADA audit release to address public scrutiny over fund management. Hoskinson confirmed plans for a detailed livestream upon the report’s release.

In response to public allegations of fund misappropriation, Hoskinson stated the ADA audit aims to provide clarity and transparency. He has consulted with legal teams and may pursue defamation lawsuits against accusers.

“Just received the initial copy of the audit report. Requested additional details and context in a few spots. Still on track for public release by mid-August. Will do a detailed livestream explaining everything when it drops.” — Charles Hoskinson, Founder, Cardano and IOG

The audit’s release may impact ADA’s market perception, affecting Cardano’s DeFi ecosystem and ADA price stability. Allegations involve the handling of approximately $600 million in ADA, sparking interest in potential liquidity effects.

Hoskinson asserts the disputed tokens were donated to the Intersect organization, countering claims about ADA misallocation. The situation has sparked discussions in crypto communities, highlighting transparency’s role in ecosystem governance.

Speculation surrounds the audit’s effects on ADA prices, with potential influences on DeFi integrations and stablecoin considerations. Cardano’s DeFi ecosystem draws attention amid transparency efforts. Historical trends suggest audit releases often lead to market reactions and governance debates. Coinbase’s recent ADA integration may offer insight into broader institutional perceptions.