A major Cardano whale, a delegated representative controlling around 6 million ADA ($0.65), has publicly criticized Charles Hoskinson and his Input Output Global (IOG) foundation. The whale accused IOG of wasting millions on fruitless projects and failing to deliver results over the years.

In a now-deactivated X account, the whale made their stance clear. They vowed to oppose all future IOG proposals and encouraged other delegators to do the same. Their message read: “We’re in a place where the founding entity has not delivered much for years and is requesting obscene amounts of funds to keep the same level of non-delivery going.”

Call for Delegation Revolt

Beyond a simple vote of no confidence, the whale urged Cardano users to delegate ADA to representatives who would automatically reject IOG proposals. In Cardano’s governance system, individuals with smaller ADA holdings delegate their voting power to larger representatives, like this whale.

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Charles Hoskinson responded swiftly. He denied claims that Cardano had ignored scaling issues, stating that development is “underway.” He also dismissed the whale’s campaign as “pettiness on-chain,” suggesting it misrepresents the Cardano community’s true sentiment.

Moreover, Hoskinson escalated the matter by revealing that he was consulting a defamation law firm. He made it clear that the whale did not speak for the broader community and said he would defend the project’s reputation.

Community Reactions Split

The backlash sparked wider discussions. Cardano Rep, a longtime holder and liquidity provider, announced changes to his delegation. While he acknowledged areas where IOG could improve, he insisted that it was too early to withdraw full support.

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Others, however, backed the whale. Toshi criticized IOG for focusing on governance reforms while neglecting urgent scaling needs. Some users also questioned Hoskinson’s legal response, fearing negative media headlines and comparisons to Craig Wright, who damaged BSV ($21.45)’s image with frequent legal threats.

Adding to the tension, Hoskinson recently addressed a $500 million accounting controversy. He claimed to be reviewing an audit report and promised to read it aloud during a livestream once it’s complete. This dispute highlights growing dissatisfaction among some of Cardano’s biggest stakeholders.

Whether the whale’s concerns are valid or simply a show of force, the debate has reignited long-standing questions about IOG’s accountability. Hoskinson remains confident in IOG’s progress and seems ready to counter criticism head-on.

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