Three Sonic Labs Founders Resign from Board
Three founding executives—Andre Cronje, Michael Kong, and David Richardson—resigned from the Sonic Labs board, removing themselves from all decision-making. The token dropped 5% in 24 hours, adding to a 97% decline since January 2025. The new CEO publicly acknowledged the situation.
Detected & updated continuously · Source: Ruma
Mentioned
Sonic (s)
@michaelfkongSources
@SherifDefi
3 founding execs left the @SonicLabs board same day. Cronje, Kong, Richardson, gone from decisions entirely. $S down 5%, 97% since January 2025. New CEO admits it openly: no victory lap, sentiment’s down, not spinning it. When does honesty this blunt become the bottom signal? https://t.co/uJZme0AuCT
@CointelegraphTR
#Sonic Labs’te 3 eski yönetici kuruldan ayrıldı, #Stoken 24 saatte %5 düştü ve Ocak 2025’ten bu yana kaybı %97’ye ulaştı. https://t.co/dY61Oo0dxc
@FranceCryptos
🚨 @SonicLabs perd 90 % sur 1 an et ses dirigeants viennent d'annoncer leur départ. Andre Cronje, Michael Kong et David Richardson ont tous démissionné du conseil du projet. Le token a reculé de plus de 5% dans la foulée de l'annonce. Sonic, c'est l'ancien Fantom relancé sous https://t.co/pudjHfKUP1