Cardano Internal Audit Reveals No Misconduct, Confirms 99.7% Voucher ADA Redeemed

Cardano has released an investigation report concerning the redemptions of the ADA voucher program, dismissing claims of financial misconduct. A joint audit , published on Wednesday, confirmed that 99.7% of all Cardano tokens sold pursuant to the voucher program have been successfully redeemed through the on-chain redemptions and Post-Sweep Redemption Project. “The Investigation determined that each of the allegations related to the Topics of Investigation do not have any basis.” Further, the investigations revealed that unclaimed ADA were allocated to Cardano Development Holdings for grants and community ￰0￱ investigation was jointly conducted by Input Output Global (IOG), global law firm McDermott, Will & Schulte and the global accounting firm BDO.

Additionally, the audit report offers a detailed account of the redemption timeline and the mechanisms in place to ensure ￰1￱ elaborates how the voucher distribution was managed through a structured and secure framework with transactions recorded ￰2￱ Misconduct Allegations – Founder Hoskinson’s Promise Fulfilled In May, allegations surfaced against the ecosystem’s founder , Charles Hoskinson, over manipulating the blockchain during the 2021 Allegra hard ￰3￱ was accused of misappropriating over $600 million worth of ADA ￰4￱ the accusations, 318 million ADA, valued at around $619 million in 2021, was moved from presale addresses into the Cardano reserves.

Additionally, NFT artist Masato Alexander claimed that Hoskinson used a “genesis key” to rewrite the ￰5￱ argued that most of the original token holders never reclaimed their ￰6￱ later promised an audit to debunk claims of misappropriation of $600 million worth ￰7￱ said that the Cardano Foundation will soon release an audit to counter rising ￰8￱ wrote on X at the time that the original token buyers had already redeemed most of the 350 million ￰9￱ June, Hoskinson said that he received the first copy of the audit report, promising to release more details by mid-August, if there are no delays. I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it's shaping up quickly.

I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays. I will read the… — Charles Hoskinson (@IOHK_Charles) July 20, 2025 ADA Sees a Red Week – Bulls Believe Bullish Trajectory Ahead ADA fell 1.27% to $0.817 over 24 hours and more than 5.7% in the past week, underperforming the broader crypto ￰10￱ CoinMarketCap data, the native Cardano token is trading at $0.817 at press time.