Per Woofun AI, Sonic Labs disclosed significant executive restructuring with the resignation of Michael Kong, Andre Cronje, and David Richardson from the board. These departing members will cease operational decision-making while maintaining a supervisory interest in the project's long-term success.

Concurrently, Matt Visser has been appointed CEO and Kosta Kourkoumelis as COO to lead the organization through this transitional phase.

The incoming management team emphasized operational discipline and trust restoration rather than publishing an immediate roadmap. Visser committed to incremental daily improvements, framing the next 100 days as a fresh start aimed at stabilizing token price and community sentiment. The organization pledged to enhance transparent governance, establish a risk and compliance committee, and provide clearer progress updates to address current market concerns.