Cardano Price Surges Amid $600M ADA Misuse Allegations And Major Bitcoin Integration
Cardano (CRYPTO: ADA) is trading for $0.7887, and has risen by 4.13% over the past 24 hours. The token has grown 1.07% over the week, and 25.82% over the past month. The price volatility comes at a time when Cardano founder, Charles Hoskinson, has called for a full audit of Input Output Global (IOG) following severe allegations of the misuse of 318 million ADA tokens.
There were claims that after the Shelley upgrade in 2020, ADA tokens worth $600M were transferred without community consent. Hoskinson has negated any malpractice, and launched a comprehensive audit to assure everyone that Cardano supports transparency and accountability.
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Large global firms like BDO International, McDermott Will & Emery, and a blockchain analytics team have been contracted to investigate the matter. …
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