Andre Cronje, Two Other Directors Depart Sonic Labs Board as S/FTM Plunges 97% Below ATH

S-0.81%
According to Bitcoinist, on June 20, Andre Cronje and two other directors resigned from the Sonic Labs board (formerly Fantom Foundation), the project's corporate registry disclosed. The departures come as Sonic Labs' native token, S/FTM, trades approximately 97% below its all-time high. Despite the board shake-up, developers associated with Sonic Labs stated that technical execution plans and protocol launch timelines remain on track, with the newly appointed CEO pledging operational restructuring.
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