Big Pey Says Hoskinson Is Done With Cardano, Here’s Why

Popular ADA content creator Big Pey claims that IOG CEO Charles Hoskinson is shifting his attention and resources away from Cardano toward Midnight. Explaining the rationale behind the reasoning, Big Pey argued that the Cardano Foundation has repeatedly obstructed Hoskinson’s initiatives. He also criticized EMURGO, describing the organization as incompetent following the hack involving its DeFi project, SecondFi . According to Big Pey, Midnight offers Hoskinson an opportunity to overcome the institutional and organizational challenges that have constrained his work within Cardano. It bears mentioning that Hoskinson has publicly backed Midnight and demonstrated a strong commitment to its development. He disclosed a personal investment of $200 million in the project, underscoring the scale of that commitment.

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