117 Partners Founder Questions Hoskinson’s Explanation of Cardano Foundation’s 1,096 BTC Use

117 Partners founder Thomas Braziel said on X that Cardano founder Charles Hoskinson offered his most detailed explanation to date about the whereabouts of about 1,096 BTC held by the Isle of Man Foundation, now the Cardano Foundation. According to PANews, Braziel said Hoskinson stated during an AMA that the BTC were used between 2016 and 2017 to meet requirements related to Michael Parsons and the original audit process. Braziel disputed the explanation, saying Hoskinson referenced the BTC value from the first fundraising round in 2015 to 2016, while any audit work should have taken place later, potentially in 2017 when Bitcoin’s price had risen above $1,200.