Sonic Labs announced the resignation of Andre Cronje, Michael Kong, and David Richardson from its board, marking a leadership overhaul as its native token continues to fall. The announcement came amid a prolonged price slide that has unsettled investors.
Leadership Reshuffle
Matt Visser now occupies the chief executive officer role, while Kosta Kourkoumelis steps into the chief operating officer position. The departing trio will no longer influence strategic business decisions, according to the company's statement. Their exit follows a period of token price decline that has concerned investors.
Board Departures and Community Response
Andre Cronje, the former chief technology officer, issued a public clarification that he remains responsible for technical development but did not author the migration, airdrop, tokenomics, or legacy‑network choices. Michael Kong, previously the Fantom Foundation CEO, and executive