Cardano (ADA) founder Charles Hoskins threatened Digital Assets Data co-founder Mike Alfred with legal action over unsubstantiated allegations about a buyback program.
Hoskinson urged Alfred not to write deceptive tweets in an attempt to deceive the public and defame the Cardano brand, and the buyback program denied the allegations.
“I’m asking you to stop writing deceptive tweets that directly aim to slander and mislead the public”
Hoskinson has long been critical of buyback programs. He made it clear that in 2019 he would prefer to focus on forging new partnerships rather than buying tokens for the sake of short-term price increases:
“Even if it were, you should have asked yourself the following question. Would you rather spend that money to go to countries in Africa, build relationships with their leaders and get tens of millions of people involved in the protocol or buyback?”
The co-founder of Digital Assets Data not only claimed that 95% of Cardano’s total transaction volume came from a buyback program.
Cardano is trading at $1.01 at the time of writing.
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