PANews, June 20 – Sonic has issued an important official announcement, declaring major leadership and board adjustments. Michael Kong, Andre Cronje, and David Richardson will resign from the Sonic Labs board. Matt Visser will assume the role of CEO. Kosta Kourkoumelis will join the company as Chief Operating Officer.

The announcement emphasized that, in light of the recent token price decline and low community sentiment, the team will focus on transparency and rebuilding trust going forward. All decisions and the reasoning behind them will be open and transparent, with no black-box operations. Additionally, the team is forming a dedicated Risk and Compliance Committee to ensure operational practices meet the standards that holders deserve.