Cardano Founder Refuses to Cash Out! Charles Hoskinson Reveals Crypto Losses Exceeding $3 Billion, Still Optimistic About ADA's Future

On February 6, Charles Hoskinson, founder of Cardano, revealed in a live public broadcast that his paper losses in the cryptocurrency industry have exceeded $3 billion. Despite this, he refuses to cash out and exit the market, choosing to continue long-term involvement in blockchain development. This statement has sparked strong attention within the community and has made “Cardano’s future development prospects” a hot topic once again.

Hoskinson stated that many outsiders believe he “has enough wealth to withstand losses,” but in reality, the risks and losses he bears are far greater than those of ordinary investors. “It’s easy to cash out and leave, but I didn’t enter this industry for money,” he emphasized, highlighting that he values technological mission and industry value more than short-term gains.

He also mentioned that he has always refused suspicious partnership opportunities, placing integrity above connections and influence, thereby avoiding crises similar to FTX or other financial scandals. At the same time, he criticized some industry leaders for supporting the flawed “CLARITY Act” for power and capital, believing that this would harm the long-term health of the crypto ecosystem.

Regarding the market environment, Hoskinson encouraged the community to get through the current downturn with patience and focus on genuine development. He pointed out that those involved in blockchain innovation are driving changes in global finance and digital infrastructure.

At the project level, despite the overall market pressure, Hoskinson remains confident in Cardano’s technical roadmap. He mentioned that Hydra, Leios, and the privacy project Midnight are all progressing steadily. These upgrades will enhance network performance, scalability, and commercial implementation capabilities, providing long-term support for the ADA ecosystem.

Looking back, Hoskinson was a co-founder of Ethereum. After leaving in 2014, he launched Cardano through IOG in 2017, emphasizing science-driven research and sustainable blockchain design. He also praised Vitalik Buterin and Anatoly Yakovenko as important allies in promoting cryptocurrency adoption.

This speech not only demonstrates his long-term commitment to the industry but also reignites market attention on Cardano’s price trends and ecosystem development.