Sonic Labs says Michael Kong, Andre Cronje, and David Richardson are resigning from the board and will no longer make business decisions for the org. Matt Visser takes over as CEO, Kosta Kourkoumelis joins as COO, and the new team is trying to reset after a weak token and ugly community sentiment. The concrete commitments are governance visibility, a risk and compliance committee, clearer comms, and a 100-day operational discipline push; engineering claims 400 main-branch PRs, 2 official releases, release 2.2.0 in RC testing, and a private testnet live.

TLDR by @Benthic

More coverage

Explore the topic

More on Sonic

Comments