Evmos Co-Founder Allegedly Selling Native Tokens on Decentralized Exchange

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The Evmos team has accused co-founder Ashish Khosla of selling a significant amount of the project's native token since his departure. Khosla is reportedly attempting to sell half a million tokens worth $70,000 through Osmosis, a decentralized exchange within the Cosmos ecosystem. Although Khosla was originally allotted 34 million Evmos tokens, he has sold 144,000 tokens so far, accounting for only 1.5% of the total Evmos sold since April 30. The Evmos team is actively working with Khosla to transfer the tokens back to the Evmos Foundation rather than seeing them sold on decentralized exchanges.


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