Input Output CEO Charles Hoskinson has responded to a statement from Digital Assets Data co-founder Mike Alfred, threatening legal action over the Buyback project’s release of false information.
“There is no buyback program at all and if you continue to lie to the public I will prosecute you And I ask you to stop writing fraudulent tweets with the intent to defame and defraud people,” Hoskinson said in a tweet.
Back in 2019, Hoskinson made it clear that he wanted to focus on building new partnerships. Instead of buying back the tokens for the sake of a short-term price increase:
“You want to spend that money on every African country. to build relationships with their leaders and bring tens of millions of people to join the project Or would you appreciate the 3% price increase on the buyback?” Hoskinson said at the time.
The Digital Assets Data co-founder also alleged that 95% of Cardano’s total trading volume came from the buyback scheme, a comment that made Hoskinson deeply offended. It also mocks the ADA price action, claiming that it is 98% overvalued and that it will drop another 50% from the current trading price.
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