EMURGO Clarifies Unclaimed ADA Voucher Redemption Process

According to Foresight News, Cardano developer EMURGO has provided details on the redemption process for unclaimed ADA vouchers. While the majority of presale ADA vouchers have been successfully redeemed, a small portion remains unclaimed by the original holders. To assist these participants, IOG has conducted a detailed seven-year process, including multiple redemption events, to locate all participants and collect their registration information and relevant KYC documents. Most initial voucher holders are based in Japan, and EMURGO has supported IOG in contacting these holders to facilitate redemption. Despite some success in locating holders, a portion remains untraceable. The Shelley hard fork rendered ongoing voucher redemption ADA unusable, necessitating a transfer to continue the redemption process. The identification process was carried out by local third parties using various investigative methods, including home visits. EMURGO acknowledges the community's expectations for transparency and supports IOG in conducting an independent audit. The company urges the community to be patient while awaiting the audit results, assuring that all pending issues will be resolved once the audit is completed.