{"id":9048,"date":"2025-07-22T19:29:33","date_gmt":"2025-07-22T16:29:33","guid":{"rendered":"https:\/\/handoli.com\/index.php\/2025\/07\/22\/cardano-whale-slams-charles-hoskinson-calls-for-voting-revolt\/"},"modified":"2025-07-22T19:29:33","modified_gmt":"2025-07-22T16:29:33","slug":"cardano-whale-slams-charles-hoskinson-calls-for-voting-revolt","status":"publish","type":"post","link":"https:\/\/handoli.com\/index.php\/2025\/07\/22\/cardano-whale-slams-charles-hoskinson-calls-for-voting-revolt\/","title":{"rendered":"Cardano whale slams Charles Hoskinson, calls for voting revolt"},"content":{"rendered":"
<\/div>\n

Whale, a delegated Cardano representative with substantial ADA holdings, has accused the project\u2019s founder Charles Hoskinson and his Input Output Global (IOG) foundation of pointless expenditures worth millions of dollars.<\/p>\n

Alongside a 2025 Summit proposal vote, Whale, who has deactivated their X account, promised<\/a> to no longer support Input Output proposals going forward.<\/p>\n

\u201cWe\u2019re in a place where the founding entity has not delivered much for years and is requesting obscene amounts of funds to keep the same level of non-delivery going,\u201d Whale wrote.<\/p>\n

Whale, who controls about 6 million ADA worth of voting power, escalated the single vote of no confidence by asking delegators to entrust more ADA for automatic denials of all future IOG proposals<\/strong>.<\/p>\n

\"\"<\/a>
Whale\u2019s statement, posted<\/a> to X by Cardano ambassador Varavas.<\/figcaption><\/figure>\n

Individual Cardano users can delegate their smaller stakes of ADA to delegated representatives who cast governance votes on their behalf.<\/p>\n

Hoskinson responded to the attack, denying<\/a> that Cardano was ignoring scaling \u2014 a long-standing criticism \u2014 reiterating that it was \u201cunderway.\u201d<\/p>\n

He also called<\/a> Whale\u2019s concerns and calls for a blanket denial of all future IOG proposals \u201cpettiness on-chain<\/strong>.\u201d<\/p>\n

Hoskinson quickly escalated<\/a> the debate, warning<\/a> that Whale doesn\u2019t speak on behalf of the Cardano community and stating that he was meeting with a defamation law firm.<\/p>\n

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Charles Hoskinson names \u2018good guys\u2019 and \u2018bastards\u2019 in Cardano fairness list<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Read more: The $500M question: Is Hoskinson quietly profiting off unsold ADA?<\/a><\/em><\/p>\n

Whale blames IO with \u2018obscene\u2019 ADA spending<\/h2>\n

Another longtime ADA holder and Cardano liquidity provider, Cardano Rep, said<\/a> he was updating his delegation choice in response to the debate.<\/p>\n

Cardano Rep acknowledged that IOG might have places where it could improve, but said it was too early to withdraw support.\u00a0<\/p>\n

Others sided with Whale. Toshi, for example, said<\/a> IOG made a true mistake by prioritizing governance upgrades over more fundamental scaling concerns, for instance.<\/p>\n

Moreover, others questioned the wisdom of jumping straight to legal aspersions. One person expressed concern<\/a> about Cardano media attention if news outlets published headlines about Hoskinson threatening Cardano users with legal confrontation<\/strong>.\u00a0<\/p>\n

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Don’t worry everyone, there is a plan pic.twitter.com\/lL8YAl3tsD<\/a><\/p>\n

\u2014 Charles Hoskinson (@IOHK_Charles) July 21, 2025<\/a><\/p><\/blockquote>\n<\/div>

Hoskinson trolls Whale for the second time.<\/figcaption><\/figure>\n

Others pointed<\/a> out that Craig Wright\u2019s frequent legal threats worked against the BSV brand where Wright served as a figurehead.<\/p>\n

Two days ago, Hoskinson also claimed<\/a> that he was reviewing an audit report that he requested in response to a $500 million accounting scandal<\/a>. He also says that he will read the audit aloud in a livestream as soon as it is ready.<\/p>\n

Whale might just be flexing 6 million ADA in voting power<\/strong> \u2014 or might actually be right that IOG has underdelivered.<\/p>\n

So far, Hoskinson seems convinced that IOG has made substantial progress and is happy to respond to Whale\u2019s accusations directly on livestream<\/a>.<\/p>\n

Got a tip? Send us an email securely via <\/em>Protos Leaks<\/em><\/a>. For more informed news, follow us on X<\/a>, <\/em>Bluesky<\/em><\/a>, and <\/em>Google News<\/em><\/a>, or subscribe to our <\/em>YouTube<\/em><\/a> channel.<\/em><\/p>\n

The post Cardano whale slams Charles Hoskinson, calls for voting revolt<\/a> appeared first on Protos<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Whale, a delegated Cardano representative with substantial ADA holdings, has accused the project\u2019s founder Charles Hoskinson and his Input Output Global (IOG) foundation of pointless expenditures worth millions of dollars. Alongside a 2025 Summit proposal vote, Whale, who has deactivated their X account, promised to no longer support Input Output proposals going forward. \u201cWe\u2019re in […]<\/p>\n","protected":false},"author":1,"featured_media":9049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[147],"tags":[],"class_list":["post-9048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest"],"_links":{"self":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/comments?post=9048"}],"version-history":[{"count":0,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/posts\/9048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media\/9049"}],"wp:attachment":[{"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/media?parent=9048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/categories?post=9048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handoli.com\/index.php\/wp-json\/wp\/v2\/tags?post=9048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}