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

Bitcoin's inflation hedge has a hidden cost, and leverage makes it worse

Fission Secures $10 Million Led by Pantera, Providing Instant Exit Channels for Tokenized Funds

Cardano shifts $26M to USDCx as bridge controls freeze payouts

VC Bets, But Can Multiliquid Truly Become the RWA Version of Curve?

After StandX's Exit, Reviewing 9 Potential "Opportunities" in the Perp DEX Space

Court Blocks Stock Delisting Due to 'Procedural Violations'... Will It Apply to Coins? "It's Just Talk Until the Basic Law Comes Out"

The Treasury surprised with a debt buyback and the BCRA accelerated dollar accumulation: what it means for interest rates

Park Se-yong, Co-founder of Fomo: "The Era of Trading All Assets in One App is Coming"

This Week's Macroeconomic Highlights: Fed's October Rate Hike Pause Expectations Rise, AI Sector Faces Divergence and Credit Risk Challenges

唐华斑竹 Analyzes the Current State of the Crypto Market, Advises Caution

U.S. Treasury Department's Survey Fails to Signal Debt Reduction, Bond Yields Rise with 10-Year Yield Back Above 5.12%

Unbanked, listed on the Tokyo Stock Exchange, discontinues cryptocurrency business for gold price-linked token 'Kinka' due to profitability issues

Safe crypto storage: where is the safest place to store cryptocurrency

Cardano governance hits a wall as treasury reaches 91% cap

The RWA market on Solana grew from USD 700 million to USD 4.3 billion in one year

New whales boost Bitcoin after bear market, says Spanish analyst

Stablecoin remittances show 84% cost gap, but payout reliability varies

Stablecoins: Mastercard and BVNK Launch Fiat and Crypto Account, Stripe Targets 100 Countries with Its Cards

How to Manage a Channel When Cryptocurrency Advertising is Banned in 2026

The session to annul the DNU allowing bitcoin contracts in Argentina failed

Only 18% of Uniswap v3 positions under $1,000 beat holding after gas, study finds

Memecoins: 17 Days to Reach the Peak, One Year to Lose 95%!

Starknet Considers Separating from Ethereum to Become Quantum-Resistant

Bitcoin Directly or via an ETP in a Securities Account: What to Choose?

AMC's No Does Not Automatically Halt AMC Stock Tokens Abroad on Robinhood

Microsoft exposes how USDT-funded phishing network targeted 75,000 organizations

XRP Fails to Match Bitcoin and Ether's Success for Long-Term Holders: Why the Token Lags Behind the Market










