Cardano's ADA Falls 16% as Chain Split Triggers FBI Investigation

Cardano's ADA token dropped 16% on Friday after a malformed delegation transaction split the blockchain into two competing ledgers, according to market data. The incident prompted Coinbase, Upbit, and Kraken to suspend ADA deposits and withdrawals for up to 14 hours. Intersect, Cardano's ecosystem governance body, confirmed U.S. federal authorities are investigating the disruption.