Key Notes

Cardano founder Charles Hoskinson announced the release of a transparency report that vindicates ADA redemptions.

According to the BDO-backed audit, 99.2% of the ADA vouchers ended up being redeemed.

Also, there were no hints of a deliberate blocking of ADA redemptions.

Cardano founder Charles Hoskinson feels vindicated after Genesis released its audit report showing that the protocol was not involved in any redemption fraud. EMURGO shared a link to the transparency report that revealed Masato Alexander wrongly accused Hoskinson and the Cardano network.

What the Cardano Audit Found

Hoskinson notified the Cardano community and the general public of the release of the transparency report, which involved accounting firm BDO and law firm McDermott Will & Emery, on September

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