- Sonic Labs founders Andre Cronje, Michael Kong, and David Richardson resign from board, handing over all business decisions.
- New CEO Matt Visser commits to 100-day plan focused on operational discipline, transparency, and earning back trust.
- Despite leadership and community challenges, the engineering team shipped two releases and maintained intensive development.
- The organization pledges transparent governance, a new risk committee, and direct community communication.
The Sonic blockchain project has undergone a dramatic leadership overhaul, with its founding team stepping down as new executives commit to a rigorous path of operational recovery. This change comes as the organization publicly acknowledges its token’s decline and a loss of community trust.
Consequently, Matt Visser assumes the CEO role with a focus on steady, incremental progress over flashy promises. “I am not here to promise an instant turnaround,” Visser stated, emphasizing a goal of improving Sonic by one percent daily.
The new leadership outlined commitments including transparent governance and a dedicated risk and compliance committee. They also promised to treat Sonic token holders as genuine stakeholders deserving clear communication.
Meanwhile, the technical development of the Sonic platform never slowed. The engineering team merged 400 pull requests and shipped two official releases so far in 2026, according to their GitHub activity.
The team invites public scrutiny and directs disclosures to disclosure@soniclabs.com. They framed this announcement as a reset, asking the community to judge their progress over the next 100 days based on visible results.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
