TechFlow reports that Evmos, an EVM-compatible chain in the Cosmos ecosystem, tweeted about a former co-founder who has been attempting to sell 500,000 EVMOS tokens on Osmosis. The address involved holds 34 million EVMOS, with 11.5 million currently staked. The tokens in this address were initially subject to a one-year lock-up period and are being linearly vested over four years.
Evmos stated that the individual made significant contributions to the project, but left due to disagreements on certain matters. Evmos is now working with the individual to transfer the tokens back to the Evmos Foundation.
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