Meshnet was a seed fund/dapp studio focused on the @cardano ecosystem. The fund has been re-allocated to other protocols that have gained real adoption.
Joined January 2022
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People have been asking where is the proof that Charles dumped billions in 2021. This is as good as you're going to get on chain beyond the obvious reality that he went on a giant spending spree and talked about being a billionaire in Fiat immediately after these events.
A May '25 tweet claims @IOHK_Charles sold ~1.5B ADA in the '21 hype cycle, plus 10x 20M payments to @gavofyork.
Rather than take its word, i wanted to check the chain.
Tracing funds is hard, but those x10 20M payments are a solid place to start:
🧵👇
adagenesistransparency.com
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The $TRUMP meme coin generated about $616 million for the Trump family, while buyers lost more than $700 million, according to Reuters' estimates. The coin has tumbled 97% from its January 2025 peak reut.rs/4oisC7e @specialreports
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Meshnet Capital retweeted
DONALD TRUMP IS THE MOST CORRUPT PRESIDENT IN AMERICAN HISTORY!
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Meshnet Capital retweeted
17h
btw what ever happened to this NDA đź‘€
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RT @lunwi75: Remember when Musk challenged the World Food Program to explain how he could solve world hunger with just $6 billion, they did…
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Until this garbage is at zero, this industry is still cooked.
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How to create billions of dollars from air (space) $SPCX
Step 1:
Buy Twitter for $44B (Oct 2022), fire most staff, lose most ad revenue.
Step 2:
AI startup xAI “acquires" X for $125B - $1B cash generated, zero value created. (Mar 2025)
Step 3:
SpaceX "acquires" xAI at $250B -$1.25T combined valuation.
Nice 100% return in a year. (Feb 2026)
Step 4: List SpaceX at $1.75T, 4% float, get index inclusion rules changed, shorten lock-ups, let leveraged ETFs squeeze it higher. Increase valuation $500B in 4 months. (June 2026)
X stake now up 180%.
Financial engineering masterclass.
Step 5: Combine with Tesla.
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Meshnet Capital retweeted
Jun 12
There's no better case for socialism than the world's first trillionaire being a massive loser who cosplays as his mom and baby online and lies about being good at video games in an attempt to give his life meaning.
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I hate to break it to all the Elon stans, but his companies have received more in government handouts (your taxes) than SpaceX generates in revenue.
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Meshnet Capital retweeted
Jun 12
Call me a hater but I think living in a world where both trillionaires and global poverty coexist is a sign humanity has failed as a species
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Meshnet Capital retweeted
Jun 12
Elon Musk held up a chainsaw, fed USAID into the wood chipper, and at least 600,00 people have already died as a result - two-thirds of them children.
History's first trillionaire.
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The truth can hit hard sometimes
Jun 12
Let me translate this.
$ADA at multi-year lows. Ecosystem collapsing. On-chain investigations circling. A third of his replies are people asking uncomfortable questions.
So the solution is to move his community to a private Discord where he controls the questions, moderates the channels and decides what gets discussed.
That’s not building a community. That’s building a bunker.
The irony of a blockchain founder -technology literally designed for transparency and decentralisation- retreating into a closed, controlled, moderated environment to escape accountability is something else entirely.
“I can’t solve stupid.” No Charles. You just can’t handle questions you don’t have answers to.
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Meshnet Capital retweeted
Jun 12
Promise: 100s of companies moving from ETH to Cardano.
Reality: only 1 company moved @IagonOfficial and Charldemort is trying to destroy them and says he will burn them to the ground.
This is absolute circus 🤡
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Charles needs to a safe place.
IFunny that he couldn't help sleuthing to see how badly his fraud is being revealed right now on X.
Notice how he doesn't deny any of it though. Doing so would make litigation easier for a class action.
Jun 11
shoulda hired smarter people charles.
you're mine now.
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Meshnet Capital retweeted
Jun 12
the most valuable part of cardano really was/is the people. the tech is dogshit and going nowhere, fast.
see that many of you publicly sharing your lost time (~5 years of career growth).
my suggestion would be to try to connect with other people who are also in your situation who are worth a damn and try to build something together outside of cardano.
you probably know who the people you'd like to work with are.
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He's trying to create a closed propaganda echo chamber because he can no longer control the narrative of the reality of his fraud.
be charles, cry about moderation on twitter, hail elon as its savior for destroying moderation and ''promoting'' free speech, get rekt by this shit app, cry and leave and make a moderated discord channel that wont be able to criticize you đź‘Ť
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Meshnet Capital retweeted
Jun 11
knowing what i've uncovered in the past day or two, in retrospect, it was all blatantly obvious.
can't believe it took this long to figure out.
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Meshnet Capital retweeted
Jun 11
Famous last words before you’re slapped a lawsuit and suddenly indicted by a federal grand jury on money laundering and securities fraud.
Take your time, pretzel man @IOHK_Charles
A May '25 tweet claims @IOHK_Charles sold ~1.5B ADA in the '21 hype cycle, plus 10x 20M payments to @gavofyork.
Rather than take its word, i wanted to check the chain.
Tracing funds is hard, but those x10 20M payments are a solid place to start:
🧵👇
adagenesistransparency.com
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Meshnet Capital retweeted
Jun 11
🚨 BREAKING 🚨
CHARLES HOSKINSON SOLD 1.5 BILLION ADA AT THE TOP OF THE 2021 BULL RUN.
The analysis traces a 925 million cardano:native transfer and multiple 20 million cardano:native payments flowing from sources linked to IOG stake pools during the exact window ADA hit its all time high of $3.09.
To be clear, the analysis does not prove the tokens were sold. It traces flows. The Cardano Foundation said it has no reason to assume anything other than good faith by Hoskinson and IOG.
But here is why this keeps circulating.
1.5 billion cardano:native at $3.09 is roughly $4.6 billion worth of tokens sold into retail buyers at the peak of the cycle while the community was being told to hold and build.
Proven or not, that number is impossible to ignore.
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Absolutely insane
This clip is deeply disturbing, it was shared with me today.
A senior IOG employee describes autonomous killing drones using "skin tone" to identify targets, says it would be "quite trivial" and adds that for "third world" cultures it would be nearly impossible to defend against.
Why is this the kind of example being casually discussed by someone representing a major Cardano company?
This is not an isolated concern. We have already seen racial slurs from people connected to or aligned with IOG/Cardano governance circles. ie. @phil_uplc a CC member and Lucas a former employee
Does @IOGroup condone this kind of language and thinking from its employees, consultants or representatives?
Do companies and organizations working with IOG, Cardano institutions, @Cardano_CF, @emurgo_io consider this acceptable?
Because every time institutions fund, endorse or defend an IOG proposal without demanding accountability, they should ask themselves what behavior they are normalizing.
Influencers keep talking about "controlling the narrative." But maybe the real issue is not the narrative. Maybe the issue is the conduct, comments and culture people are being asked to ignore.
You cannot market your way out of this.
Big companies, regulators and serious partners do not look at comments like this and say "great ecosystem." They ask what kind of culture allows it.
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