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Unless you’ve been living under a rock for the past six months, you’ve heard of the “Fake Fred” movement.
It has sparked investigations that pushed Cardano toward greater transparency & accountability
Here are the top 10 moments from the last six months.
A thread 🧵👇
FRED retweeted
In this first edition of #FREDTRACKER, we are uncovering the amount of funds recently retired content creator Big Pey has received from Catalyst.🤑
Atrium Labs received $1,607,172 USD, and Projeckt Creative received $938,105 USD.
Who would you like to see next? Comment below 👇
In this first edition of #FREDTRACKER, we are uncovering the amount of funds recently retired content creator Big Pey has received from Catalyst.🤑
Atrium Labs received $1,607,172 USD, and Projeckt Creative received $938,105 USD.
Who would you like to see next? Comment below 👇
To be clear: the CEO Discord has been closed down for months now. @KpunToN00b never acted maliciously. He, in fact, left the group when it took a different direction.
His contributions were in good faith to bring transparency, accountability, and ethical governance to Cardano.
I want to extend my deepest and sincerest apologies to @IOHK_Charles and the entire @IOHKMedia team for my deeply disparaging, damaging, and accusatory statements I have made in the past.
My initial goal of starting the CEO DRep and Discord was to demand transparency and accountability, with fact-based reporting about current issues we face with Catalyst, Intersect, and the ecosystem as a whole. However, it turned into something I am not proud of.
It became about theories, attacks, and unfounded claims that lacked any evidence that portrayed Charles in an extremely negative light.
The recent audit into the ADA voucher sale, conducted by BDO, has shown that Charles and all of the involved parties were absolved of any wrongdoing. As a result, I want to retract all of my previous accusations of any wrongdoing during the voucher sale.
I will also be deleting my account in 30 days to give my delegators time to un-delegate to the CEO DRep.
What do you say, Charles? Let’s bury the hatchet and leave it behind us?
All good things must come to an end!
Effective immediately, the Cardano Ethical Oversight Discord will be abolished.
Additionally, the CEO DRep will deregister after 30 days. If you are delegating, please delegate to another DRep.
Thank you for all of your support during the past 6 months.
The FRED movement, today, ceases to exist.
FRED retweeted
One of the most foundational Christian principles is forgiveness and redemption. The first step in achieving this is admitting mistakes were made and apologizing.
Our society is sick because of social media and hyperpolarized politics. People can't step up and tell the world they did something wrong.
When people show the courage and ability to do that, it's a moment for all of us to grow and move to higher ground. So I accept the apology and I'm glad that this terrible and hurtful chapter in our ecosystems history has been closed.
We all need to reflect and grow so that we can continue to earn the right to make the world better.
Thank you Fred
I want to extend my deepest and sincerest apologies to @IOHK_Charles and the entire @IOHKMedia team for my deeply disparaging, damaging, and accusatory statements I have made in the past.
My initial goal of starting the CEO DRep and Discord was to demand transparency and accountability, with fact-based reporting about current issues we face with Catalyst, Intersect, and the ecosystem as a whole. However, it turned into something I am not proud of.
It became about theories, attacks, and unfounded claims that lacked any evidence that portrayed Charles in an extremely negative light.
The recent audit into the ADA voucher sale, conducted by BDO, has shown that Charles and all of the involved parties were absolved of any wrongdoing. As a result, I want to retract all of my previous accusations of any wrongdoing during the voucher sale.
I will also be deleting my account in 30 days to give my delegators time to un-delegate to the CEO DRep.
What do you say, Charles? Let’s bury the hatchet and leave it behind us?
All good things must come to an end!
Effective immediately, the Cardano Ethical Oversight Discord will be abolished.
Additionally, the CEO DRep will deregister after 30 days. If you are delegating, please delegate to another DRep.
Thank you for all of your support during the past 6 months.
The FRED movement, today, ceases to exist.
Me reading the comments right now 😂
I need to warn the community because I love Cardano.
In the years, we have seen the worst scams coming from projects with undoxxed teams and missing company setup.
Most of the time they put a frontman but behind the scene they are always the same grifters.
Additionally, you need a proper legal setup for your company and a legal entity DAO for any project token created.
Without these elements, we have the perfect receipt to be scammed more and extract more money from the ecosystem.
Be careful.
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I've said this before, and I will say it again!
Catalyst needs to go! A corrupt organization run by corrupt people enabling grifters to live off treasury funding while not producing much value.
DEFUND CATALYST 🗣️
Replying to @ATADA_Stakepool
it looks like it, we had observed tons of new wallets with 25-40 ADA balance. The only activity was funding these new wallets and staking them. The creation of these wallets stopped right after the snapshot.
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Chainlink? 😂
State of @Cardano Q2
• The first onchain Constitutional Committee election occurred under CIP-1694, shifting governance to an elected body
• @InputOutputHK + @FairGateLabs demoed Bitcoin DeFi at Bitcoin 2025 using @bitvmx + a UPLC-to-RISC-V compiler to run Cardano contracts on Bitcoin
• DEXs, Stablecoins, and NFTs remain core to Cardano’s ecosystem, with @CswapDEX and @strikecardano among the newest additions
Read the full report: messari.co/46vTV79
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Who remembers this gem! 💎👇😂
Midnight 🤝 @googlecloud
The @midnightfdn is collaborating with Google Cloud to accelerate privacy-first infrastructure and advance zero-knowledge technology as essential infrastructure for the next generation of digital systems.
Under this collaboration, Google Cloud will:
➡️ Operate critical network infrastructure (including a validator)
➡️ Provide Confidential Computing from Google Cloud to strengthen data protection
➡️ Extend Mandiant threat monitoring & incident response to developers
➡️ Open doors for builders via the Google for Startups Web3 Program (with up to $200K in credits)
This collaboration will help developers, startups, and enterprises innovate across advancements in zero-knowledge, incident response, and privacy-enhancing technologies.
👉 Learn more: midnight.network/blog/google…
FRED x SNEK 🔥🐍
Completely blown away with the SNEK team and the SNEK DEN today. Amazing location, amazing ambience but most important all the right builders and contributors in one room. Moving Cardano constructively forward. From Midnight, Intersect, IOG, IOR, Cardano Foundation, Emurgo, IAGON, SNEK, NMKR, Masumi, Taptools, Dripdropz, and many more.



























