- Cardano has announced that the ADA can be checked by a third party
- Ada expanded his withdrawal to 16% in the midst of intense debate around the ‘scandal’
The shadow of the 318 million Cardano [ADA] ‘Redemption Scandal’ from behind in 2021 appeared during the weekend and ignited the heated debate.
Some claims, however, have linked the scandal to money laundering, which forces the legal chef of Cardano, Joel Telpner, to give a warning. He said”
“But when statements cross the border and become defamation, they are not allowed and they will not be ignored.”
Ada’s ‘Redemption’ Saga
The alleged scandal Get on Crypto newspaper heads at the beginning of May and Cardano designer Charles Hoskinson implied.
According to these claims, the 318 million ADA was not -fragrant funds of early, non -responding ICO (initial coin offer) participants. However, some claim that the funds are reportedly reused for other use, which raised the claims ‘scamming’.
However, Hoskinson has rejected these allegations. The Cardano team has acquitted of a misconduct, so that it has exhausted all roads to reach the participants.
According to Daniel Tetsuyama, one of the Cardano figures, the non -made funds were re -assigned according to the regulations and not ‘stolen’ as claimed.
On the contrary, some critics believe that the ICO participants had briefly changed and must be reimbursed.
To erase the speculation and rectify the record, Telpner noted that an independent audit will be carried out.
“An audit will be carried out by independent third parties, whose findings will be made public. As a result, we know that this continuous speculation about the ADA repayment process will make way for independently verified facts.”
Here it is worth noting that the debate was characterized by a slight decrease in open interest (OI) below $ 400 million. This hinted at a reduced appetite for speculative interest in ADA on the Futuresmarkt.
Moreover, the Spot -cVD (cumulative volume delta) fell, which is a reflection of the falling demand on the spot market at the weekend. Together this meant a slight cooling of his recent rally.
Source: Coinalyze
On the price diagrams, Ada withdrew with 16% of its recent high point of $ 0.86 after rejection on the upper range of the Downtrend channel. However, the decrease to $ 0.76 was still a higher layer and the price action was above the advancing averages in the short term.
This can be seen as a sign of short -term strength. However, Bulls can only be out of the forest if Ada is decisive above $ 0.85.
Source: Ada/USDT, TradingView