Charles Hoskinson Denies Rewriting Cardano Ledger to Hijack $619M

Quick Summary:

Cardano founder Charles Hoskinson has denied allegations that he rewrote the Cardano ledger in 2021 to take control of ₳318 million (approximately $619 million at the time).

Following the protocol change, the funds were moved using a type of Cardano transaction known as “MIR” (Move Instantaneous Rewards).

Soon after, Hoskinson confirmed he would proceed with legal action by sending a cease and desist letter to Masato Alexander.“Seriously doubt Charles wants to go through discovery.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaJapan

Topics: Cardano Charles Hoskinson 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 19:15:01 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 667 words

Reading Time: 4 minutes read

Sentences: 43 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28477541

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