Andre Cronje Departs Sonic Labs Board Amid Token Slump
Andre Cronje and two directors depart Sonic Labs board. The project's token trades 97% below its peak as new CEO focuses on restructuring.
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Andre Cronje and two directors depart Sonic Labs board. The project's token trades 97% below its peak as new CEO focuses on restructuring.
The popular CEO also weighed in on the hot topic of Strategy and its controversial STRC.
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.
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According to Cole, strong collateral can sometimes encourage excessive risk-taking instead of preventing it.
Strive CEO Matt Cole said STRC and SATA’s sharp drops reflected forced leverage selling, not weaker credit quality, as both rebounded.
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Sam Bankman-Fried, the former CEO of FTX, has pursued legal avenues to challenge his conviction, even as he serves his 25-year federal prison sentence. In a new profile, he has discussed his experiences in prison as well as his efforts to reduce or overturn the sentence imposed on him. As
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Coinbase CEO Brian Armstrong called Monday for an overhaul of the U.S. accredited-investor framework, arguing that wealth-based gatekeeping concentrates private-market gains among the already wealthy. He proposed replacing the net worth and income test with a financial literacy exam, or removing
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