Cardano founder responds to controversy over asset whereabouts: 1096 BTC were used to pay audit fees in 2016.

On June 15th, CoinFeed reported that Thomas Braziel, founder of 117 Partners, posted on the X platform that during yesterday's AMA, Cardano founder Charles Hoskinson provided the most specific explanation to date regarding the whereabouts of approximately 1,096 BTC (currently worth approximately $70 million) held by the Isle of Man Foundation (now the Cardano Foundation). He stated that these BTC were used between 2016 and 2017 to meet the requirements of Michael Parsons and the original audit process. However, Braziel pointed out that Hoskinson was referring to the value of BTC from the initial fundraising in 2015-2016, and any audit work should have been carried out later, possibly when the price of BTC had risen above $1,200 in 2017.