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Charles Hoskinson, co-founder of both Cardano and Ethereum, spent Saturday, unloading on critics who’ve spent weeks accusing him of manipulating the Cardano ledger to control $619 million in ADA. In a lengthy X post, Charlie claimed that the real issue has nothing to do with fraud, misconduct, or ethical failure. He said the attacks are coming from “a group of deeply disgruntled, now deranged, people” who have decided he’s a villain and will stop at nothing to ruin his name and his company, Input Output Global (IOG). Charlie argued that these people operate with the same political rage that Americans saw with Hillary Clinton and now-President Donald Trump. “Every event involving controversial public figures is viewed through a political lens and transformed into either a negative or positive spin,” he wrote. In Charles’ view, Cardano has no defense mechanism against what he described as “derangement syndrome,” which he said could “ultimately kill the ecosystem if left unchecked.” Charlie said his haters will twist any Cardano success into a personal scam. If Midnight, Cardano’s privacy-focused sidechain, makes billions for ADA holders, they’ll call it an exit scam. If Leios, another protocol in the works, gets delivered, he claimed they’ll say it was someone else’s idea. “It will worsen yearly and eventually become complete fantasies and bizarre conspiracies,” he added. He also claimed the hate may one day lead to violence, saying some critics are so far gone they might try to physically harm him or IOG employees. “It saddens and disgusts me,” he wrote. “Something is causing this mental illness on a mass scale, and it destroys a lot of lives, especially the people afflicted.” Charlie said these people live in “a self-inflicted hell where nothing but negativity is present, spiraling faster each month— isolation and despair combined with a rot of the soul.” He ended his post saying he’ll keep going and invited readers to “consider how to cure this cancer together.” The storm around Charlie began weeks ago, after Masato Alexander, an NFT creator, alleged that Charlie used a “genesis key” during the Allegra hard fork in 2021 to rewrite the Cardano ledger and reroute a massive amount of ADA to staking and treasury pools. Masato pointed to a specific MIR (Move Instantaneous Rewards) transaction dated October 24, 2021, that moved 318 million ADA from reserves. The transfer, which was publicly visible on Cardanoscan, quickly became the focus of online speculation. Critics questioned why that volume of ADA was moved without a public explanation. The suspicion was that the action wasn’t authorized or transparent, and people began asking how Cardano handles dormant or unclaimed ADA tokens. The accusations picked up steam, leading to mounting pressure on Charlie and the Cardano Foundation to respond. Charlie first addressed the allegations on May 6, calling them “false and misleading.” He said the redemptions remained open for three years after that transaction. He also said that the whole redemption process stretched over seven years, giving original buyers plenty of time to claim their ADA. On May 18, Charlie returned to X to clarify his point again, saying: “IOG never gave itself 350 million unclaimed ADA. This is a lie. The vast majority was claimed, and the remaining was forfeited after seven years of waiting was donated to Intersect.” At the moment, the Cardano Foundation is working on an official audit report, which Charlie said will address the full timeline and provide clarity. But the report hasn’t been released, and until it lands, the noise around the issue isn’t going anywhere. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

The Sui blockchain and its decentralized exchange, Cetus, are working together to address the aftermath of a $223 million hack that occurred on May 22, 2025. After the attack, security teams froze $162 million of the compromised assets while $60 million in digital funds were moved to Ethereum. In a direct appeal, Sui and Cetus have asked the community to approve a protocol upgrade to unfreeze the remaining funds and restore them to user accounts. Cetus’ development team explained that only a community-wide, on-chain vote can authorize this protocol upgrade. Validators and SUI stakers are encouraged to participate in the decision, ensuring transparent governance. According to the Cetus Protocol, no party can impose a unilateral fix, highlighting the importance of decentralized oversight in crisis recovery. Cetus and its partners responded to the hack by using new technology and better governance. Following the detection of the attack, the Sui Foundation and Cetus developers teamed up with Inca Digital and law enforcement globally to prevent further losses. According to security experts, the key problem was a weakness in “get_delta_a” in Cusets’s code, which allowed the attacker to manipulate protocol liquidity and extract assets. By collaborating, Sui validators took steps to freeze stolen funds at the blockchain level to avoid any withdrawals by the attacker. As a result of the full blockade, $162 million was halted from movement, making the stolen funds unusable despite appearing on-chain. To protect the blockchain’s immutability, Sui developers developed a way to return the assets to the rightful owners without rolling back transactions. Combining this effort with a move to give up Sui’s voting power is meant to guarantee the community that only stakeholders will decide the outcome. After offering the attacker a white hat deal with a $6 million reward for voluntarily returning the stolen funds, Cetus revealed no communication had been received. As part of its response, the decentralized exchange announced a $5 million offer for information to identify and arrest the attackers. The Cetus team requested that any relevant tips, including names and locations, be submitted to their security team. The Sui Foundation will handle bounty payments, and legal pursuit will stop if the hacker cooperates. Related: Sui Blockchain Fast-Tracks Whitelist Function After Messy CETUS DEX Hack Although actions were taken quickly to stop the hacker, the values of some Sui-based tokens dropped sharply in reaction. Nonetheless, industry observers highlighted that this represents a significant turning point for decentralized finance (DeFi) security. The Sui Foundation and Cetus are keeping the community updated as they focus on preserving the protection of assets within the DeFi space. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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The decentralization of the Layer-1 blockchain Sui network is being questioned after its major DeFi platform, Cetus Protocol, called for an upgrade to recover stolen funds. Cetus had been hacked for over $222 million, but Sui Validators were able to freeze $162 million of the stolen funds. According to Sui Network , the validators could freeze the funds by ignoring transactions from the two addresses tied to the attack, effectively preventing the attacker from bridging out all the stolen funds. However, Cetus protocol has requested a network upgrade to regain the frozen funds. The decentralized exchange and liquidity provider called for a community vote to decide on the upgrade. The Sui Network team described the request as extraordinary, noting that Cetus desperately needs funds. Thus, it has agreed to let the vote happen on the condition that the Sui Foundation abstain from voting to remain neutral and that Cetus must publicly commit to returning all lost funds to users. Meanwhile, the Cetus team noted that it needs the recovered funds to repay users who lost assets to the hack while efforts to recover the remaining $60 million are ongoing. However, it acknowledged that it would respect the decision of the community. It wrote: “No one can make this decision unilaterally. We propose an on-chain vote involving the network’s major participants, including validators and SUI stakers, to decide. We want to recover and return the stolen funds, but we will respect whatever the community decides.” However, the upgrade’s scope is unclear. Sui Network had said it would not roll back the chain history or reverse transactions. It added that the design details and code for the vote will soon be shared. So far, most of the reactions to the possible upgrade have been negative, with many users concerned such an upgrade could make the network lose trust as a decentralized protocol. Others added that rolling back or upgrading the network to recover the loss would be wrong. They claimed that Cetus was well aware of the flaws in its smart contracts since last year, when they were exploited at a smaller scale with memecoins but failed to act. Thus, the protocol should cover the losses itself. Meanwhile, some users think the voting itself might be a charade. They noted that only 3.2% of SUI supply went to the public while half went to venture capital firms and insiders who have been staking all their tokens. Thus, they believe that these VC firms will determine the outcome of the vote, and individual stakers will not influence the final decision. Interestingly, some users have criticized validators’ efforts to freeze funds, saying it amounts to censorship and defeats true decentralization. However, the team clarified that any validator on any network can decide to ignore transactions, and if enough of them do it, the transaction fails. Despite the overwhelming opposition, several people still believe it is the best decision as it will ensure that Cetus users get their funds back. One user even recommended that founders and stakeholders with liquidity pools on Cetus decide, since they have a stake in the outcome. While debates continue over whether Sui should have the network upgrade, the network native token SUI is down 6.57% to $3.63 in the last 24 hours. Its decline is due to broader market struggles with price corrections after BTC set a new peak price of around $112,000. However, the Cetus hack also contributed to the SUI drop, with the token dropping more than 13% from $4.19 to $3.62 the day after the incident. The CETUS token is not doing any better. Due to the incident, it is down 5% today and more than 17% in the past week. It is trading at $0.1640 at press time. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Artificial Intelligence is transforming everything — and crypto is no exception. As the AI narrative gains strength, a new wave of AI-powered crypto tokens is capturing investor attention. With use cases ranging from decentralised compute to data storage, prediction markets, and machine learning protocols, these AI cryptos are poised for exponential growth. In this article, we explore 10 of the top AI crypto coins to buy now that are showing strong momentum, real-world utility, and potential for 5x returns in 2025. Price: $425.32 24h Performance: +8.51% Market Cap: $3.71B Bittensor ( TAO ) is building a decentralised machine learning network that rewards contributors for sharing AI models and training data. As demand grows for decentralised AI infrastructure, TAO is quickly becoming a top contender in the sector. With only 8.72 million tokens in circulation, the scarcity factor is adding rocket fuel to its upward trend. If the AI race intensifies, TAO could easily see a 10x run. Price: $2.82 24h Performance: +7.74% Market Cap: $3.44B NEAR is a layer-1 blockchain that is increasingly being adopted for AI integrations, including data-driven applications and compute-intensive environments. Its strong developer community and growing ecosystem make NEAR one of the most versatile AI-adjacent cryptos right now. Price: $5.27 24h Performance: +6.82% Market Cap: $2.81B Internet Computer ( ICP ) by DFINITY is bringing Web3 cloud computing to the AI world. With its ability to run backend and frontend code on-chain, ICP is well positioned to host AI models directly on the blockchain — a game changer in the making. Price: $4.73 24h Performance: +8.75% Market Cap: $2.45B Render leverages GPU power to process intensive 3D workloads, and it's now expanding toward AI rendering tasks. As both metaverse and AI narratives converge, RNDR sits at the perfect intersection of tech and creativity. Price: $0.8546 24h Performance: +5.68% Market Cap: $2.04B Previously known as Fetch.ai, FET is a pioneer in autonomous AI agents and machine learning in decentralised networks. Following the merger under the Artificial Superintelligence Alliance, the project is now on a broader mission to lead AI development on-chain. With 2.39 billion tokens, FET remains accessible and shows signs of strong accumulation, up 12.64% this week. Price: $2.85 24h Performance: +6.86% Market Cap: $1.90B AI models need storage — and Filecoin offers decentralised solutions for storing large datasets used in training and inference. As data demand explodes, FIL may become the backbone of AI’s Web3 infrastructure. --> Click here to buy AI Tokens easily with Bitget <-- Price: $1.46 24h Performance: +6.37% Market Cap: $1.46B Don’t let the name fool you — Fartcoin is more than a joke. With its recent pivot into AI-backed content generation and algorithmic trading bots, this meme coin is tapping into the AI trend while maintaining viral appeal. Up 24.76% this week, it’s making noise. Price: $13.65 24h Performance: +6.07% Market Cap: $1.36B Injective is a high-performance DeFi protocol that’s integrating AI to enhance trading strategies and automation. With institutional-level infrastructure and growing AI use cases, INJ is gaining momentum. Price: $1.97 24h Performance: +10.50% Market Cap: $1.29B Virtuals Protocol is building immersive digital experiences enhanced by AI. Whether it's intelligent avatars or real-time simulations, AI + Metaverse = Virtuals. The token surged 16.32% this week, showing strong investor interest. Price: $4.20 24h Performance: +9.98% Market Cap: $1.17B Story Protocol is innovating the way intellectual property is created and managed, using AI tools for content generation and licensing automation. As content meets blockchain and AI, IP is emerging as a unique and undervalued play. Artificial Intelligence is transforming everything — and crypto is no exception. As the AI narrative gains strength, a new wave of AI-powered crypto tokens is capturing investor attention. With use cases ranging from decentralised compute to data storage, prediction markets, and machine learning protocols, these AI cryptos are poised for exponential growth. In this article, we explore 10 of the top AI crypto coins to buy now that are showing strong momentum, real-world utility, and potential for 5x returns in 2025. Price: $425.32 24h Performance: +8.51% Market Cap: $3.71B Bittensor ( TAO ) is building a decentralised machine learning network that rewards contributors for sharing AI models and training data. As demand grows for decentralised AI infrastructure, TAO is quickly becoming a top contender in the sector. With only 8.72 million tokens in circulation, the scarcity factor is adding rocket fuel to its upward trend. If the AI race intensifies, TAO could easily see a 10x run. Price: $2.82 24h Performance: +7.74% Market Cap: $3.44B NEAR is a layer-1 blockchain that is increasingly being adopted for AI integrations, including data-driven applications and compute-intensive environments. Its strong developer community and growing ecosystem make NEAR one of the most versatile AI-adjacent cryptos right now. Price: $5.27 24h Performance: +6.82% Market Cap: $2.81B Internet Computer ( ICP ) by DFINITY is bringing Web3 cloud computing to the AI world. With its ability to run backend and frontend code on-chain, ICP is well positioned to host AI models directly on the blockchain — a game changer in the making. Price: $4.73 24h Performance: +8.75% Market Cap: $2.45B Render leverages GPU power to process intensive 3D workloads, and it's now expanding toward AI rendering tasks. As both metaverse and AI narratives converge, RNDR sits at the perfect intersection of tech and creativity. Price: $0.8546 24h Performance: +5.68% Market Cap: $2.04B Previously known as Fetch.ai, FET is a pioneer in autonomous AI agents and machine learning in decentralised networks. Following the merger under the Artificial Superintelligence Alliance, the project is now on a broader mission to lead AI development on-chain. With 2.39 billion tokens, FET remains accessible and shows signs of strong accumulation, up 12.64% this week. Price: $2.85 24h Performance: +6.86% Market Cap: $1.90B AI models need storage — and Filecoin offers decentralised solutions for storing large datasets used in training and inference. As data demand explodes, FIL may become the backbone of AI’s Web3 infrastructure. --> Click here to buy AI Tokens easily with Bitget <-- Price: $1.46 24h Performance: +6.37% Market Cap: $1.46B Don’t let the name fool you — Fartcoin is more than a joke. With its recent pivot into AI-backed content generation and algorithmic trading bots, this meme coin is tapping into the AI trend while maintaining viral appeal. Up 24.76% this week, it’s making noise. Price: $13.65 24h Performance: +6.07% Market Cap: $1.36B Injective is a high-performance DeFi protocol that’s integrating AI to enhance trading strategies and automation. With institutional-level infrastructure and growing AI use cases, INJ is gaining momentum. Price: $1.97 24h Performance: +10.50% Market Cap: $1.29B Virtuals Protocol is building immersive digital experiences enhanced by AI. Whether it's intelligent avatars or real-time simulations, AI + Metaverse = Virtuals. The token surged 16.32% this week, showing strong investor interest. Price: $4.20 24h Performance: +9.98% Market Cap: $1.17B Story Protocol is innovating the way intellectual property is created and managed, using AI tools for content generation and licensing automation. As content meets blockchain and AI, IP is emerging as a unique and undervalued play.