PANews reported on May 19 that according to Cointelegraph, Cardano founder Charles Hoskinson responded to the community's allegations of misappropriation of ADA tokens worth about $600 million, promising to release an audit report. The focus of the dispute is on a transfer record of 318 million ADA (currently worth about $229 million) during the Allegra hard fork in 2021. NFT artist Masato Alexander accused Hoskinson of using the genesis key to tamper with the ledger.

Hoskinson clarified in a tweet on May 6 that the vast majority of ADA has been redeemed by the original purchasers, and the remaining part has been donated to the Intersect organization. In his latest statement on May 18, he said that he was "deeply hurt" by the community's distrust and said that after the audit report is released, the social media account may be handed over to a professional team for management.