Cardano面臨爆炸性指控，挪用大約6億美元

金融戲劇正在彼此展開，但在加密貨幣宇宙中並不相似。最新發展：長期以來因其學術嚴謹而受到讚揚的Cardano面臨著爆炸性的指控，該指控在ADA中挪用了約6億美元。

Financial dramas are unfolding one after another in the crypto universe. While they are not alike, they all leave lasting impressions.

金融戲劇正在加密宇宙中互相展開。儘管它們不一樣，但它們都留下了持久的印象。

The latest development: Cardano, often praised for its academic rigor, faces an explosive accusation of embezzling approximately $600 million in ADA. The project’s guiding figure, Charles Hoskinson, promises an audit. This case could redefine trust at the very heart of decentralized governance.

最新進展：Cardano經常因其學術嚴格而受到稱讚，面臨著爆炸性的指控，該指控在ADA中挪用了約6億美元。該項目的指導人物查爾斯·霍斯金森（Charles Hoskinson）承諾進行審核。這個案件可以重新定義分散治理的核心。

Suspicions Arise Around the Allegra Hard Fork

懷疑是在Allegra Hard Fork周圍出現的

The fire has been smoldering since an NFT artist, Masato Alexander, claimed that Hoskinson quietly used a “genesis key” to rewrite the ledger during the 2021 Allegra hard fork.

自NFT藝術家Masato Alexander聲稱，Hoskinson在2021年2021年Allegra Hard Fork期間重寫Ledger以來，大火一直在悶悶不樂。

Supporting this claim: a so-called Move Instantaneous Rewards transaction from October 24, 2021, which transferred 318 million ADA from reserves to what appears to be a treasury fund. The accusation speaks of a total embezzlement amounting to $619 million, a significant portion of the Cardano war chest.

支持這一主張：從2021年10月24日起，所謂的“瞬時獎勵交易”將3.18億ADA從儲備轉移到了似乎是財政部基金。指控總共挪用公款總計6.19億美元，這是Cardano War Best的很大一部分。

However, Hoskinson presents a more mundane timeline: these tokens originated from ICO allocations that remained unclaimed.

但是，霍斯金森（Hoskinson）提出了一個更平凡的時間表：這些代幣源自ICO分配，這些分配仍然無人認領。

According to him, the majority of the targeted 350 million ADA were claimed by their initial buyers over seven long years — and the remaining shortfall was paid to Intersect, the community governance body. “IOG never pocketed such a sum,” he insists, dismissing the idea of a hidden slush fund.

據他介紹，在七年內，最初的買家聲稱，有針對性的3.5億ADA的大多數人聲稱，剩餘的短缺被支付給社區治理機構Intersect。他堅持說：“ IOG從來沒有這樣的款項。”

This denial was not enough to calm Twitter: influencers, on-chain analysts, and ordinary users dissect every UTXO searching for anomalies. Some recall the opacity of other projects during previous crises; others emphasize that Cardano built its reputation on formal rigor.

這種否認還不足以使Twitter平息：影響者，鏈分析師和普通用戶都剖析了每位搜索異常情況的UTXO。一些人回想起以前危機期間其他項目的不透明度；其他人則強調，卡爾達諾（Cardano）在正式的嚴謹處建立了聲譽。

The perception gap is stark: on one side, a protocol aiming to be exemplary; on the other, the image of a founder suspected of accounting manipulation.

感知差距很明顯：在一側，旨在示例性的協議；另一方面，涉嫌會計操作的創始人的圖像。

Post-Audit Phase and the Future of Governance in the Crypto Sphere

審核後階段和加密領域治理的未來

Amid the uproar, the Cardano Foundation and Input Output Global commissioned a third-party “forensic” audit. The report, promised in the coming weeks, aims to trace every ADA since 2015.

在騷動中，Cardano基金會和投入輸出全球委託第三方“法醫”審計。該報告在未來幾週內承諾，旨在追溯自2015年以來的每一項ADA。

Hoskinson, visibly “deeply hurt” by the prevailing skepticism, announces that he will soon entrust his X account to a media team and will revamp his famous AMA sessions. A gesture illustrating the tension between radical transparency and personal fatigue.

霍斯金森（Hoskinson）明顯受到現行懷疑論的“深刻傷害”，他宣布他將很快將X帳戶委託給媒體團隊，並將改善他著名的AMA Sessions。一個手勢說明了根本透明度與個人疲勞之間的張力。

Beyond the saga, the episode questions the very nature of crypto governance. Hoskinson, speaking recently at Paris Blockchain Week 2025, advocated for a “collaborative economy” capable of competing with Big Tech soon to be regulated. Ironically timed: the scandal reveals how much a network’s legitimacy depends less on its code than on the fragile trust between founders and community.

除了傳奇之外，這一集質疑加密治理的本質。霍斯金森（Hoskinson）最近在巴黎區塊鏈第2025週發表講話，主張為即將與Big Tech競爭的“合作經濟”即將受到監管。具有諷刺意味的是：醜聞揭示了網絡的合法性取決於其代碼的程度，而不是創始人與社區之間的脆弱信任。

What remains is the post-audit phase. If the findings clear Cardano, the process could become a salutary precedent: proving that a blockchain can self-examine without invoking a central authority. Otherwise, the ecosystem will have to accept that no protocol is immune to a human blind spot.

剩下的是審核後階段。如果調查結果明確了Cardano，則該過程可能會成為一個有益的先例：證明區塊鏈可以自我檢查而不援引中央權威。否則，生態系統將不得不接受沒有任何方案不受人類盲點的影響。