{"id":484742,"date":"2022-02-28T22:07:44","date_gmt":"2022-02-28T22:07:44","guid":{"rendered":"https:\/\/wncen.com\/?p=484742"},"modified":"2022-02-28T22:08:41","modified_gmt":"2022-02-28T22:08:41","slug":"cardano-inventor-front-ran-sundaeswap-users-research-casts-light","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-inventor-front-ran-sundaeswap-users-research-casts-light\/","title":{"rendered":"Cardano Inventor Front-Ran SundaeSwap Users? Research Casts Light"},"content":{"rendered":"
Over the weekend, a Reddit post<\/a> accusing Charles Hoskinson, inventor of Cardano of front-running SundaeSwap users went viral. A pseudonym user said Hoskinson used a large amount of ADA to benefit from a price hike on the decentralized exchange native token, SUNDAE.<\/p>\n Related Reading | Cardano Price Up And Down Amidst SundaeSwap Launch<\/a><\/strong><\/p>\n As one of the first DEX running on Cardano, there is a lot of hype around SundaeSwap. The ADA whale, according to the user, used his funds to queue jump other users and be one of the first to benefit from SUNDAE\u2019s launch.<\/p>\n The pseudonym user based the accusations on three alleged facts: a large SUNDAE order was placed before the DEX was deployed,<\/a> a wallet with millions of ADA was created specifically for this event, the funds can be tracked to another wallet with \u201ca billion of unstaked ADA\u201d or an entity sitting at the top of the Cardano rich list.<\/p>\n The pseudonym user claims the large transactions were linked to the inventor of Cardano after \u201cabout an hour clicking CardanoScan links\u201d. The user provided a link of addresses related to his claims which can be viewed in the following link<\/a>.<\/p>\n In addition, the pseudonym user addressed the possibility of a crypto exchange or similar entity involved with the transaction rather than Charles Hoskinson by saying:<\/p>\n I do not think any of the addresses in the chain of CardanoScan links below are exchange wallets. You can take a look through them and try to identify which you think is an exchange, but it looks to me they are regular wallets. Most of the addresses in the sequence have just a single input and single output, so it was easy to trace.<\/p><\/blockquote>\n Since IOHK, the company responsible for developing Cardano, was a key player on many of the projects or components on this network\u2019s ecosystem, seems logical a large portion of ADA is linked back to them. However, the pseudonym user seems to believe that an important portion of the ADA supply in circulation can\u2019t be linked to IOHK.<\/p>\n The inventor of Cardano, Charles Hoskinson, replied to the accusations and to the Reddit post. Via his Twitter account, Hoskinson said<\/a>:<\/p>\n Had a look at the sundae Reddit posts that have been cropping up. It looks like the funds came from a Coinbase custody account that aggregates thousands of users.<\/p><\/blockquote>\nInventor Of Cardano Replies To Accusations<\/h2>\n