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Verilumia

The Daily Verified Briefing

Markets

Sonic Labs board resignations, new CEO as S token slides

Published 20 June 2026

Sonic Labs, the organization behind the Sonic blockchain, has announced a major leadership overhaul as its native S token continues a steep, prolonged decline. On Friday, three key figures-Andre Cronje, Michael Kong, and David Richardson-resigned from the company's board of directors.

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