Cardano Founder Fires Back at Ark Invest Director's Criticism
Cardano founder Charles Hoskinson fired back at criticism from Ark Invest Director of Research Lorenzo Valente. In an X post, Valente questioned why Cardano continues to receive industry attention and criticized its continued prominence in the space.
Valente claimed that the crypto sector undermines its own credibility by inviting Cardano's founder to conferences, accepting sponsorships, and featuring Cardano in podcasts. He wrote: 'It's 2026, and we're still talking about Cardano... We deserve the reputation we have. No serious industry keeps rewarding irrelevance like this.'
Hoskinson responded directly to Valente's post, dismissing the criticism as personal bias rather than an objective assessment of Cardano.
He wrote: 'Well, I don't think I'll get a fair shake from @ARKInvest anytime soon :( It's sad that VCs hire people like this. An entire institution is biased by one person.'
The criticism comes at a time when the SEC is reviewing Ark Invest's ETF filing, which includes Cardano as one of its assets.