[Cardano Founder Responds to Asset Allocation Controversy: 1,096 BTC Paid for Audit Fees in 2016] Thomas Braziel, founder of 117 Partners, posted on the X platform stating that during yesterday's AMA, Cardano founder Charles Hoskinson provided the most detailed explanation to date regarding the whereabouts of approximately 1,096 BTC (currently valued at around $70 million) held by the Isle of Man Foundation (now the Cardano Foundation). Hoskinson explained that these BTC were used between 2016 and 2017 to meet the needs of Michael Parsons and the original audit process. However, Braziel pointed out that Hoskinson referred to the value of BTC from the first fundraising round in 2015-2016, whereas any audit work should have occurred later, possibly in 2017 when BTC prices had already risen above $1,200.