Overview
- The SLR Cardano Stake Pool alleged on Oct. 15 that Charles Hoskinson siphoned on-chain treasury funds to other projects, naming Midnight.
- Hoskinson publicly rejected the accusation as biased and highlighted what he sees as preferential treatment of the Cardano Foundation.
- No documentation or third-party audit has been presented, and current reporting notes the claims remain unproven.
- SLR later moderated its tone, saying it had a pleasant experience with the Cardano Foundation and framing the IOG–CF friction as a Charles issue.
- The dispute feeds wider governance debates tied to CIP-1694 and follows a Foundation proposal to cut 31 million ADA from Intersect’s 2025 budget, after an earlier audit cleared Hoskinson and IOG on separate allegations.