This report examines the ethical implications surrounding Cardano's handling of approximately ₳318 million unclaimed ADA tokens originating from its 2015–2017 Initial Coin Offering (ICO). The central focus is the controversial movement of these funds to network reserves during the 2021 Allegra hard fork. The analysis delves into the historical context of the ICO, the technical specifics of the fund movement, and the subsequent reactions from the Cardano community. Key ethi...