Home
News
Details

Cardano Redirects $25.7M Treasury Funds to Midnight Network, Sparking Holder Criticism

iconCaptainAltcoin
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
ADA
$0.36-3.87%
This is the logo of the coin.
SUI
$1.4323-1.62%
Cardano has redirected 70 million ADA ($25.7 million) from its treasury to fund Midnight, a privacy-focused blockchain. The move has drawn criticism from ADA holders, who argue the funds should support Cardano’s ecosystem. Midnight, though linked in narrative, is a separate blockchain with its own token and roadmap. Supporters say the investment aligns with Cardano’s blockchain vision, but critics stress the lack of clear benefits for ADA holders.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.