Bitcoinist·
Andre Cronje and two directors depart Sonic Labs board. The project's token trades 97% below its peak as new CEO focuses on restructuring.
Read full articleAndre Cronje, Michael Kong, and David Richardson resigned from the Sonic Labs board this week, handing control of the struggling layer-one (L1) project to a new executive team. The three founding board members built Sonic Labs, formerly the Fantom Foundation, from the ground up. Cronje served as chief technology officer and is known across DeFi […]
The popular CEO also weighed in on the hot topic of Strategy and its controversial STRC.
Sonic Labs' leadership shift highlights the challenges of restoring trust and liquidity in a drastically diminished DeFi ecosystem. The post Sonic Labs board reshuffles as S token trades 97% below peak appeared first on Crypto Briefing.
Sonic Labs has announced a leadership overhaul after the S token extended its long-running decline, with former chief technology officer Andre Cronje joining two other senior figures in stepping down from the organization’s board. According to Sonic Labs, Andre Cronje,…
Andre Cronje, Michael Kong and David Richardson have stepped down from the Sonic Labs board, while Matt Visser has been appointed as Sonic Labs' new CEO, replacing Mitchell Demeter who resigned in February.
Andre Cronje, Michael Kong and David Richardson are stepping down from the board of the Layer 1 blockchain, whose token has fallen about 97% from its peak, as Matt Visser takes over as CEO
Call it a startup with a sole founder and a very large seed round, but what's next is less clear.
The rapid recovery highlights the digital credit market's resilience but underscores the volatility and risks associated with leveraged investments. The post Strive CEO calls digital credit’s day of liquidation most difficult in history with STRC falling to $82.50 appeared first on Crypto Briefing.
