Sonic Labs announced that founding board members Andre Cronje, Michael Kong and David Richardson are resigning, with Matt Visser taking over as CEO and Kosta Kourkoumelis as COO. New leadership says the first focus is operational discipline and rebuilding trust; Visser: "I am not here to promise an instant turnaround. I am here to make Sonic 1% better every single day and let that compound." Sonic acknowledged weak token performance and falling community sentiment, pledging a dedicated risk & compliance committee, public decision-making and clearer communication, treating S holders as stakeholders. Development continued uninterrupted: 400+ merged PRs in 2026, two official releases, v2.2.0 in progress and a private testnet under testing.