The Founder of Cardano Reveals No critical Cardano infrastructure is owned by J.P. Morgan

Cardano creator Charles Hoskinson has reacted to the news that blockchain business ConsenSys is facing a multi-billion dollar audit due to “irregularities,” according to shareholders. “Just want to note out that J.P. Morgan does not own any critical Cardano Infrastructure,” the IOHK CEO tweeted, implying decentralization in the Cardano ecosystem.

The valuation of important components of the Ethereum ecosystem, such as MetaMask and Infura, is at issue in the ConSenSys audit.

A group of 35 former workers, representing more than half of all known ConsenSys AG (CAG) owners, has requested a special audit in connection with a planned asset transfer between ConSensys AG and ConSensys Software Inc. in August 2020.

Multiple assets were mispriced during the transaction, according to the group, with significant assets like MetaMask valued as low as $4.4 million. JPMorgan also purchased a 10% stake in ConsenSys Software as part of the deal.

“We have no secrets”: Cardano CEO

CEO Charles Hoskinson said that his company has “no secrets” when asked to weigh in on the Theranos disaster.

He stated:

”Anyone in the world can fork Cardano…Anyone in the world can take our paper and implement our papers as has been done by Mina Protocol and Polkadot for some of our papers…There are no restrictions. If you are a scam, you don’t let people see what’s behind the curtain because there’s nothing there. It’s just that simple.”

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