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📅 July 3, 7:00 – July 9,
EMURGO is committed to conducting an audit in response to community concerns regarding the misappropriation of approximately 600 million ADA.
According to Foresight News, Cardano developer EMURGO has issued a statement explaining the redemption process for unclaimed ADA vouchers. It stated that although the vast majority of pre-sale ADA vouchers have been successfully redeemed, a small portion remains unclaimed by their original holders. To assist these participants in redeeming their vouchers, IOG has implemented a detailed seven-year process, including multiple redemption events, to locate all participants and submit their registration information and relevant KYC documents. Given that most initial voucher holders are in Japan, EMURGO supports IOG in reaching out to these holders to facilitate redemption. Although some holders have been successfully located in certain cases, there are still some holders who have not been found. The Shelley Hard Fork has rendered the ongoing voucher redemption for ADA unusable, thus requiring a transfer to continue the redemption process. The identification process is conducted by local third parties using various investigative methods, including home visits. EMURGO acknowledges the community's expectations for transparency and supports IOG in conducting independent audits. During the 2021 Allegra Hard Fork, a transfer of 318 million ADA (approximately 229 million USD now) was alleged by NFT artist Masato Alexander to have used the genesis secret key to manipulate the ledger.