Well, things just get more interesting.
This is the latest explanation of the history from Charles Hoskinson and is a rebuttal of some of the colour that Frederik Gregaard provided.
I don’t agree with Charles when he says that nothing can be done by the community if CF officeholders choose to vote the CF held Ada however these individual officeholders should please.
CF is not a private company and in contrast to a private company the CF officeholders owe a duty to the Cardano community. There can be severe consequences for officeholders that don’t properly comply with their various duties and poor decisions can be overturned through legal challenges. We also have on-chain governance now, so the community can use this governance mechanism and social pressure to make it clear to CF officeholders what things the community values and how the community expects CF officeholders should act.