Cardano Founder Hoskinson Explains 1,096 BTC Used in 2016-2017 Audit Process; Community Demands Documentation

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During a recent Ask Me Anything (AMA) session, Cardano founder Charles Hoskinson provided details about 1,096 Bitcoin linked to the project's early Isle of Man Foundation, claiming the funds were used in 2016 and 2017 to satisfy requirements related to an audit process and Michael Parsons. The explanation immediately drew scrutiny from investor Thomas Braziel (Bkclaims), who requested invoices, contracts, approvals, and payment records to verify the Bitcoin's destination and usage. Braziel noted that key questions remain unanswered, including where the funds were ultimately sent and whether the payment size aligns with typical audit expenses. Community members pushed back, arguing that responsibility for records lies with the Cardano Foundation rather than Hoskinson personally. With the Bitcoin now valued at approximately $70 million, the Cardano ecosystem is intensifying demands for clarity regarding historical early-entity transactions.
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