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News Explorer — Evmos Co-founder Returns $7.6M Worth of Tokens to Foundation

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Jan 9, 11:37 am
The Block

Evmos Co-founder Returns $7.6M Worth of Tokens to Foundation

Former Evmos co-founder Akash Khosla has returned 59 million vested and unvested tokens, worth $7.6 million, to the Evmos Foundation. This move aims to realign token distribution and ensure that tokens are in the hands of active contributors. The return follows concerns raised in May 2023 when Khosla attempted to sell large amounts of Evmos' native token on the market.

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