Lead IOTA Developer And Co-Founder Sells All His Tokens To Avoid Conflict Of Interest

Updated : 2019-11-09T10:30:25

According to beincrypto, Sergey Ivancheglo has announced that he has sold all of his IOTA. His reasoning was that it was too much of a ‘conflict of interest’ to hold them.

Sergey Ivancheglo has been a core member of the IOTA ecosystem for some time and was even on the IOTA Foundation Board of Directors over a year ago. Announced in a blog post from August 2018, he is described as ‘one of the founders of IOTA’ and a ‘core developer of the reference implementation.’