Cardano’s Charles Hoskinson is willing to take legal action against a critic over slanderous statements
Input Output CEO Charles Hoskinson has publicly threatened Digital Assets Data co-founder Mike Alfred with legal action over the latter’s unsubstantiated claims about a buyback program.
Hoskinson has definitely denied that such a program exists, urging Alfred not to write “deceptive” tweets that are meant to deceive the general public and slander the Cardano brand:
I am directly asking you to stop writing misleading tweets intended to slander and mislead the general public.
Hoskinson has been critical of cryptocurrency buybacks for a long time. Back in 2019, he made it clear that he would rather focus on forging new partnerships instead of buying back tokens for the sake of short-term price appreciation:
Even if there were, you should ask yourself: would you rather spend this money in all the countries of Africa to build relationships with their leaders and bring tens of millions of people into the protocol or enjoy the price of 3 % to buy a million chips from him?
Alfred does not mince words when it comes to Cardano, frequently riling up the community with his caustic take.
In his most recent viral tweet that references a new cryptocurrency unit launched by the Federal Bureau of Investigation (FBI), the Bitcoin bull joked that the formidable enforcement agency wouldn’t bother to seize ADA since it fell to zero “all by itself”. The Digital Assets Data co-founder also alleged that 95% of Cardano’s total trading volume came from a buyback program, which was the slanderous comment that angered Hoskinson. also mocked ADA’s anemic price action, saying it would still be 98% overvalued if it were to drop another 50% from where it is currently trading.
The cryptocurrency is currently stuck just above the $1 mark after a long streak of poor performance.
Earlier this month, Alfred tweeted that Cardano “doesn’t even exist,” fueling the lingering “ghost chain” narrative surrounding the controversial blockchain project.
