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Cardano faces scrutiny over large ADA transfers linked to co-founder during 2021 bull run.

Market News
23 Jun 2026
Zycrypto
View Source
Bearish
pluang ai news

New analysis suggests co-founder Charles Hoskinson may be connected to large ADA transfers around Cardano's 2021 price peak, sparking debate over transparency in early token distribution. The Cardano Foundation denies involvement and stresses independence from these transactions. This renewed scrutiny arises amid ongoing market pressure on ADA and highlights unresolved concerns about governance and token management. Hoskinson reaffirmed his commitment to Cardano, aiming to calm community fears.

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