Andre Cronje leaves Sonic Labs board as S token stays 97% below its $1.03 peak

Andre Cronje, Michael Kong, and David Richardson resigned from the Sonic Labs board this week, handing control of the struggling layer-one project to a new executive team. The three were founding board members who built Sonic Labs—formerly the Fantom Foundation—from the ground up. Cronje served as chief technology officer and is widely known in DeFi for creating Yearn Finance.