Mike Novogratz, senior writer and anchor at Yahoo Finance, had some unfavourable things to say about Cardano, calling it a "strange cult," according to Guzman on Saturday. Charles Hoskinson, Co-Founder and CEO of IOHK, was not amused by his claimed remarks and responded on Twitter: "Allow me to translate the billionaire's words for you. He's claiming that, unlike the other VC coins, he doesn't see a backdoor to get in at a lower price or manipulate the market."