Joel Telpner
@JTelpner
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Chief Legal Officer & Chief Policy Officer, Input Output Global - IOHK, and Special Counsel, Sullivan & Worcester
USA
Joined April 2010
Dear Cardano Community, As you know, in May 2025, IOG engaged McDermott Will & Schulte and BDO to conduct an Investigative Report and Forensic Audit concerning the ada Voucher Program, redemptions of Vouchers, Cardano blockchain upgrades, and the use of ada associated with
adaredemptiontransparency.com
At the request of Input Output Global, Inc., the global law firm McDermott, Will & Schulte and the global accounting firm BDO jointly conducted an investigation concerning the ada Voucher Program,...
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Please see the link below. https://t.co/WZSyskbC2k As started, Input Output Global, Inc. (“IOG”) has commissioned a comprehensive investigative report and forensic audit of the ada Voucher Program including the pre-launch of vouchers, Cardano blockchain upgrades, and the use of
adaredemptiontransparency.com
At the request of Input Output Global, Inc., the global law firm McDermott, Will & Schulte and the global accounting firm BDO jointly conducted an investigation concerning the ada Voucher Program,...
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Hello Cardano Community. We are making good progress on the investigative and audit report that we promised to deliver. The law firm and audit firm are close to completing their work and we are hoping the report will be ready to release by the middle of August. I’ll continue to
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🏛️@IOHK_Charles was honored to accept an invitation from @SenatorTimScott to help lead a roundtable discussion yesterday on Capitol Hill with Members of the Senate Banking Committee and industry experts on digital asset market structure and responsible innovation. @JTelpner,
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Good to be in Washington
In the Senate today is a Cardano stacked team: CEO IOG, Chief Legal IOG, Wave Cardano VC, Edinburgh Decentralization Index Researcher. #Cardano @IOHK_Charles
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GM! ☕️🌞 Crypto Week resumes with big votes expected in the House, including on the GENIUS Act, which could pass and head to President Trump’s desk. A signing ceremony is already scheduled for tomorrow at the White House. Over in the Senate, @SenatorTimScott is hosting a
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Early ADA voucher buyers in Japan, managed by Attain, claimed nearly all ICO vouchers with a small portion left unclaimed. After Attain shut down due to Japanese digital assets law changes and Shelley hard fork adjusted the original redemption setup in 2020, a new KYC process was
7/ TLDR: ▪️The vast majority of vouchers have been successfully claimed. ▪️To locate the unclaimed voucher holders, IOG led a thorough seven-year process. ▪️EMURGO is supportive and confident of the measures taken and planned over the years. ▪️The Shelley hard fork would have
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As promised in my prior tweets regarding the ada redemption process, the law firm McDermott Will and Emery and the accounting and adit firm BDO have been engaged to audit and prepare a public report of the ada redemption. MW&E ( https://t.co/NwZrqivbp4) is a global law firm with
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Great post from @cardano_whale providing important historical context about the early days https://t.co/DfPEPIkkco. Let’s cut to the chase: The past 48 hours have been deeply frustrating and anger-inducing for those of us who've dedicated years of our life to Cardano’s growth.
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The debate surrounding the ada redemption process continues without abatement. Aristotle’s quote, “nature abhors a vacuum,” is over 2,000 years old but may even ring truer today in our world cluttered by online media platforms such as X. In this digital world of instant
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What infuriates me about this so-called “redemption scandal” is how arrogantly people speak without the faintest grasp of the actual history. I was there. I lived it. I personally ran the Sales App project, the backbone of the KYC and voucher system. I deployed the first AVVM
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It's extremely heartening to see @DanielTetsuyama weigh in on this topic because there are few people in Cardano or the Crypto industry that I consider to have to have higher integrity than him. I've been following Cardano since late 2017. I really became "active" in Cardano in
What infuriates me about this so-called “redemption scandal” is how arrogantly people speak without the faintest grasp of the actual history. I was there. I lived it. I personally ran the Sales App project, the backbone of the KYC and voucher system. I deployed the first AVVM
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Thanks @IOHK_Charles. Apex Fusion has deep roots in the @Cardano ecosystem and shares its commitment to principled decentralization — a value that directly shaped our architecture and UTXO foundation. Our door is open for collaboration. We’d be honored to work alongside the
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@therealdisasm @masatoalexander The context that keeps being missed here is the assumption that the Genesis UTXOs were accounts belonging to the Ada voucher buyers like a normal Byron address. They were the last stage of redemption where the buyer would use information from the AVVM process and a recept in
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We are at a very exciting inflection point with respect to Cardano's engineering and the diversity of ideas and teams. In the beginning there was one philosophy that was rigorous, safe, and effective, but it also deeply alienated many who wanted to contribute, prevented new ideas
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Couldn’t think of a more perfect time than Passover to drop this DC Blockchain Summit clip “I feel like the Israelites spending four years wandering through the desert and now we’ve finally found our destination” @JTelpner “Let my people go” @SenatorTimScott
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DReps have the absolute right to reject Intersect's budget proposal. That's amazing democracy in action! What would happen next is that one or more alternative administrators would have to emerge and get funding. All previously approved budgets that had designated Intersect as
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