Sonic Labs announced significant changes to its board and leadership, with Andre Cronje and two others resigning from the board
According to Sonic Labs' official statement, the company has made significant adjustments in its board, leadership, and operational direction. Michael Kong, Andre Cronje, and David Richardson will resign from their positions on the Sonic Labs board, but all three will retain their investments in Sonic and fully transfer their responsibilities, though they will no longer make business decisions for the organization.
Sonic Labs also announced that Matt Visser will serve as CEO, and Kosta Kourkoumelis will serve as COO. The primary task of the new management is not to announce a roadmap, but to enforce operational discipline and regain trust. Matt Visser stated, "I am not here to promise an immediate turnaround. I will make Sonic better by 1% every day and let it compound."
Sonic Labs indicated that the current token price and community sentiment are both low, and the next 100 days will be regarded as a new first day, with the goal of achieving small improvements daily and allowing them to compound. Sonic Labs is committed to promoting transparent governance, establishing a dedicated risk and compliance committee, prioritizing the community, and reducing vague announcements while providing clearer progress updates.
On the technical side, Sonic Labs stated that the engineering team's progress has not been affected. Since 2026, 400 valid pull requests have been merged into the GitHub main branch, two official releases have been published, and major version 2.2.0 is under development, with six candidate versions released so far, and a private testnet has gone live and is undergoing intensive testing.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Aave Eliminates 50 Low Adoption Asset Reserves and Shuts Down Deployments on 6 Chains

Sonic SVM announces the acquisition of ForgeX and releases the open-source on-chain market-making tool ForgeX CLI

Buying Homes with Cryptocurrency... Ripple Supports High-Value Real Estate Transactions

Why Crypto Exchanges Are Leaving Russia: An Expert's Explanation from RAKIB
![[Column] Robinhood Chain: The Meme Coin Craze May Be Over, But Growth Continues](/public-static/075_ade8940e45.png?format=avif)
[Column] Robinhood Chain: The Meme Coin Craze May Be Over, But Growth Continues

Speculation as a Theme of the Last Decade: Focus on Prediction Markets and Perpetual Futures Exchanges = Delphi Digital

Seizure of Cryptocurrency in Criminal Proceedings: New Rules and Unresolved Issues

BCG Study Puts Custody At The Center Of Banks’ Digital Asset Plans

Firedancer makes bounty hunters burn 1 SOL even for duplicate bug reports

Interpol: 1,462 Arrests and Crypto Money Laundering Networks Dismantled in Africa

NYSE’s owner is backing 24/7 stock tokens without Wall Street’s usual price rules

Bitcoin Hashrate Reclaims One Zettahash As Mining Competition Rebounds

Will Anthropic Delay Its 'Super IPO' Amid AI Trading Collapse? The Scheduled Listing Date in Mid-November Approaches

Researcher Reports Flaw in Cake Wallet That Could Divert Bitcoin Payments

Tokenized Stocks: Why 22 Giants Reject OKX and ICE's Plan

Tenstorrent's round accounts for 85.1% of crypto venture capital funding

Trump Prepares for Possible Escalation of Military Actions Against Iran After U.S.-Israel Elections

Crypto: The Pentagon bans its soldiers from betting on Polymarket and Kalshi

Chain Theory Proposes Deriving the Fine Structure Constant Using Quantum Information

Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion

Wall Street's $359 billion-a-day repo market has found a use for blockchain

Delay of the Glamsterdam Update on Ethereum Postpones Activation on Hoodi

JPMorgan Now Offers Two Tokenized Money Market Funds on Solana

Overview of Cryptocurrency Asset Regulation Series (11): South Africa, From FSCA License to Cross-Border Reporting

Cryptocurrencies: This Venture Capital Giant Drops the Word from Its Name and Turns to AI

Follow the Money: $630 Million for Strive, Tether Activity and Attention to CeFi

Arthur Hayes exits Maelstrom trades as $22.28m in token sales emerge

Ghanem Saudi Arabia Raises an Additional $1.5 Million, Bringing Total Funding to $8.6 Million

Ethereum staking yield is losing to cash rates, so why are investors still lining up?








