Online reports that Cardano founder Charles Hoskinson responded to community allegations of misappropriation of approximately $600 million worth of ADA tokens and promised to issue an audit report. The controversy centered on a transfer of 318 million ADA (currently priced at approximately US$229 million) during Allegra's hard fork in 2021. NFT artist Masato Alexander accused Hoskinson of using the Creation Key to tamper with the ledger. Hoskinson clarified in a tweet on May 6 that the vast majority of the ADA had been redeemed by the original purchaser and the rest had been donated to the Intersect organization. In his latest statement on May 18, he said he was "deeply hurt" by his distrust of the community, saying that social media accounts might be handed over to a professional team for management after the audit report is released.