Hoskinson Details Cardano’s Disputed 1,096 BTC, Ties It to 2016 Crowdsale Audit
2026-06-15 01:23:46
Cardano founder Charles Hoskinson said the project’s disputed 1,096 Bitcoin (BTC) stems from a March 2016 audit of the original ADA crowdsale. During a livestream this weekend, according to BeInCrypto, Hoskinson cited a March 2016 email from then Cardano Foundation chairman Michael Parsons seeking payment and said BTC’s March 13, 2016 closing price was $414, implying the bill was about $400,000 for three auditors: Parsons, John Maguire, and Bruce Milligan. Investor Thomas Braziel called for invoices and payment records and questioned why IOHK controlled roughly 95% of the BTC raised.
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