According to Wu Blockchain, well-known crypto bankruptcy claims investor Thomas Braziel tweeted that Cardano co-founder Charles Hoskinson mentioned during an AMA that the 1,096 BTC (worth approximately $70 million at current prices) held by the Isle of Man Foundation was used in 2016/2017 to meet requirements related to Michael Parsons and the original audit process. Thomas Braziel believes that if this explanation holds, invoices, agreements, approval documents, and payment records should be disclosed, along with a detailed account of the flow of the 1,096 BTC, including recipients and reasons. He also questioned why, if the foundation's assets were used to resolve disputes involving Michael Parsons, IOHK ended up controlling about 95% of the raised BTC and receiving billions of ADA, while the foundation only gained a small portion of the economic benefits. Thomas Braziel stated that regular foundation audit and tax work typically costs tens of thousands of dollars, even considering the complexities of crypto, the range would be closer to $50,000 to $200,000, not $1 million. https://(wublock123.com)/news/cardano-founder-on-1096-btc-used-for-michael-parsons-audit-requirements-62779