Wu learned that Sonic Labs announced a board restructuring, with Andre Cronje, Michael Kong, and David Richardson resigning from their director positions and no longer participating in organizational business decisions. Matt Visser will assume the role of CEO. Sonic stated that it will promote governance transparency, establish a Risk and Compliance Committee, and mentioned that since 2026, approximately 400 GitHub PRs have been merged and 2 official releases have been issued.

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NightAuditBuddy
· 5h ago
Matt Visser's name is unfamiliar; I looked it up and found he has a legal background, clearly focusing on compliance. Old projects in the crypto space are all transitioning toward regulatory friendliness.
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RedGlass
· 6h ago
Has AC been withdrawn? Once the key figure of this project leaves, community confidence is probably going to collapse. Let's see how the new CEO handles it.
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LunaCircuit
· 6h ago
Michael Kong is also leaving, the core team of Fantom is basically cleared out, governance transparency sounds like closing the barn door after the horse has bolted.
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SentimentIndicatorHarvester
· 6h ago
Displaying GitHub data is quite interesting; 400 PRs indicate ongoing development, but a major board overhaul is too sensitive a timing.
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