BEAMSTART Logo

HomeNews

Charles Hoskinson Faces 318M ADA Scandal – Will It Stop ADA’s Rise to $1?

Coinpedia LogoCoinpedia21h ago

Charles Hoskinson Faces 318M ADA Scandal – Will It Stop ADA’s Rise to $1? - Coinpedia

Quick Summary:

Claiming that founder Charles Hoskinson moved 318 million worth of around $619 million without permission.

Despite the drama, ADA remains on track for a potential breakout, with indicators pointing to a price surge towards $1.

They were rolled into a custodial account controlled by the TGE that then continued redemption for 3 more years to distribute the genesis funds to the original buyers.

More Pictures

Charles Hoskinson Faces 318M ADA Scandal – Will It Stop ADA’s Rise to $1? - Coinpedia (Picture 1)Charles Hoskinson Faces 318M ADA Scandal – Will It Stop ADA’s Rise to $1? - Coinpedia (Picture 2)

or

Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 08:56:35 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 28490077

View Article Analysis

About Coinpedia

Coinpedia Logo

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 16 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Charles Hoskinson Faces 318M ADA Scandal – Will It Stop ADA’s Rise to $1?" has 379 words across 40 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Charles Hoskinson Faces 318M ADA Scandal – Will It Stop ADA’s Rise to $1?" was covered 21 hours ago by Coinpedia, a news publisher based in United States.

How trustworthy is 'Coinpedia' news outlet?

Coinpedia is a fully independent (privately-owned) news outlet established in 2016 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 16 news stories per day.

It's most recent story was published 12 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28490077
  • URL: https://infodata.beamstart.com/news/charles-hoskinson-faces-318m-ada-17466951044419

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.