The Cardano (ADA) community is facing controversy as rumors circulate that Charles Hoskinson, the founder of Cardano, is out of money and looking to the Cardano treasury for a bailout. However, the treasury, which holds around 1.5 billion ADA worth $1.5 billion, is not yet accessible until the on-chain constitution is implemented. Skeptics argue that there are governance loopholes that could allow anyone to manipulate the treasury. There is also confusion surrounding the role of administrators and the use of funds from the treasury. Additionally, there is concern over the lack of legal protection for governance participants. Hoskinson denies the rumors, stating that he has enough money and no interest in treasury funds. He emphasizes that major decisions require community approval and that he does not want to dictate the blockchain's future alone. Despite Hoskinson's response, some in the community remain unsure about the decentralization of Cardano and the influence of key players. The evolution of the constitutional framework will shape the resolution of these concerns.



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