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Cardano founder says 1,096 BTC paid for 2016 audit

Published 15 June 2026

Questions surrounding the allocation of 1,096 Bitcoin from Cardano's early fundraising have resurfaced, with founder Charles Hoskinson stating the funds were legitimately spent on a 2016 audit. The Bitcoin, now worth approximately $70 million, was valued at around $454,000 when it was used between 2016 and 2017.

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