Cardano founder Charles Hoskinson addressed concerns regarding the use of approximately 1,096 BTC, currently valued at around $70 million, originally held by the Cardano Foundation. During a recent AMA, Hoskinson explained that these funds were used between 2016 and 2017 to cover audit-related expenses for Michael Parsons and the initial audit process. However, Thomas Braziel, founder of 117 Partners, questioned this explanation, noting that the BTC value cited by Hoskinson was from the 2015-2016 fundraising period, while audits likely occurred later when BTC prices had risen significantly. Braziel further questioned how IOHK, Hoskinson's company, ended up controlling about 95% of the ICO-raised BTC and receiving billions of ADA, while the foundation retained minimal economic rights. He suggested that if Hoskinson's explanation is accurate, the next step should involve disclosing invoices, agreements, approvals, and payment records to clarify the transactions.