Cardano whale slams Charles Hoskinson, calls for voting revolt
Whale, a delegated Cardano representative with substantial ADA holdings, has accused the project’s 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. “We’re 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,” Whale wrote. 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 . Whale’s statement, posted to X by Cardano ambassador Varavas. Individual Cardano users can delegate their smaller stakes of ADA to delegated representatives who cast governance votes on their behalf. Hoskinson r...