Summary of the Investigative Report - Public allegations are baseless: The report concludes that all major accusations (that insiders stole ADA, improper sales tactics, voucher deletion/key loss during upgrades, or the illegality of transferring ADA to CDH) are unsupported by evidence. - Most vouchers were properly redeemed: Over 99% of the vouchers issued—representing 99.7% of the ADA—were successfully redeemed through on-chain and off-chain processes. - Sales and marketing oversight: Safeguards were in place during the initial sales to prevent deceptive marketing, and many distributors who violated the rules were suspended or terminated. - Not an exploitation of the elderly: Only about 6% of participants were over 65, and refunds were offered to them. - Redemption code clarification: Vouchers provided “redemption codes,” not private keys; the confusion came from mistranslations. - Use of unredeemed ADA: A portion of the remaining ADA was transferred to a trust (CDH) and used...
Show original
21.02K
85
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.