TLDR Tech / Crypto
Sonic Labs Overhauls Board and Leadership as Cronje Steps Down
Sonic Labs has replaced its entire board-level leadership, with Michael Kong, Andre Cronje, and David Richardson resigning from the board while retaining their investment positions. Matt Visser is stepping in as CEO and Kosta Kourkoumelis as COO, with both identifying operational discipline and trust rebuilding as their first-order priority over any roadmap announcements. The update candidly acknowledges depressed token price and community sentiment, framing the recovery as 100 days of compounding 1% daily improvements rather than a single catalytic event. Stated commitments include transparent decision-making with public reasoning and a dedicated risk and compliance function.
Read the full story