Hoskinson Challenges Critics Who Praise Cardano Foundation but Portray Him as Villain

Cardano founder Charles Hoskinson highlighted the irony of being seen as the project’s villain by those who simultaneously praise the Cardano Foundation.

Hoskinson’s comments come in response to allegations from a Stake Pool Operator (SPO) who accused him of diverting funds from the Cardano treasury to finance other ventures.

The accusation quickly gained traction within the community. One member questioned why the SPO chose to single out Hoskinson instead of also criticizing the Cardano Foundation. This user suggested that the Foundation continues to earn returns on staked ADA without contributing significantly to the broader Cardano ecosystem.

He suggested that this inconsistency is quickly becoming part of the community’s culture, particularly among critics. His statement subtly reflects his frustration with what he perceives as a mischaracterization of his role and intentions.

Ongoing Dispute Between IOG and Cardano Foundation

For context, Hoskinson’s company, IOG, and the Cardano Foundation have been at loggerheads for years, with both sometimes disagreeing publicly over the use of funds in the treasury.

Earlier this year, the Cardano Foundation proposed a 31 million ADA reduction to Intersect’s 2025 ecosystem budget. Notably, most of the cuts were directed at core development funding originally allocated to Hoskinson’s company.

In response, some users believed that the Cardano Foundation made the proposal to undermine IOG’s developmental efforts—an interpretation Hoskinson agreed with.

Last month, after an audit cleared Hoskinson of allegations relating to the misappropriation of $600 million worth of unredeemed ADA vouchers, he called on his critics, including the Cardano Foundation, to issue an apology.

Meanwhile, amid the ongoing discord, some community members have urged both parties to resolve their differences and work together to advance Cardano to the next level.