I've been reading through the Cardano ICO documents and I have a simple question:
Cardano raised 108,844 BTC.
The Cardano Foundation appears to have received only ~8,258 BTC.
Meanwhile, EMURGO and IOHK received billions of ADA, while the Foundation received substantially less.
So:
Why did EMURGO and IOHK receive ~2 billion ADA each while the Foundation received ~650 million ADA?
Who controlled the ~100,000 BTC raised in the ICO?
Where did those BTC ultimately go?
Is there a full accounting of treasury movements from ICO to today?
Not accusing anyone of anything. I'm genuinely interested in the financial history here because it's one of the largest and most fascinating ICOs ever conducted.
Where is the 108,844 BTC audit trail?