Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Cardano founder Charles Hoskinson has reacted to the news of blockchain company ConsenSys facing a multi-billion dollar audit as shareholders claimed ”irregularities.” The IOHK CEO indirectly hinted at decentralization in the Cardano ecosystem as he tweeted: “Just want to point out that J.P. Morgan does not own any critical Cardano Infrastructure.”
Decentralization and options matters folks.https://t.co/rlm1rEg5N5
At issue in the ConSenSys audit is the valuation of key pillars of the Ethereum ecosystem, including MetaMask and Infura.
A group of 35 former employees representing more than 50% of all known ConsenSys AG (CAG) shareholders had filed a request for a special audit regarding an August 2020 transfer of assets between ConSensys AG and ConSensys Software Inc.
The group alleges that multiple assets were mispriced during the transaction as key assets such as MetaMask were valued as low as $4.4 million in the transaction. As part of the agreement, JPMorgan also acquired a 10% share in ConsenSys Software.
As U.Today previously reported, Input-Output CEO Charles Hoskinson said that his company has “no secrets” when asked to weigh in on the Theranos disaster.
”Anyone in the world can fork Cardano…Anyone in the world can take our paper and implement our papers as has been done by Mina Protocol and Polkadot for some of our papers…There are no restrictions. If you are a scam, you don’t let people see what’s behind the curtain because there’s nothing there. It’s just that simple.”
Tomiwabold is a cryptocurrency analyst, technical analyst and experienced fund manager. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.