Aptos Labs CEO Mo Shaikh Quits; Avery Ching to Take His Place

Aptos Labs CEO Mo Shaikh Quits; Avery Ching to Take His Place

Mo Shaikh, co-founder of Aptos Labs, announced that he's stepping down as CEO of the company.Aptos is a layer-1 blockchain that claims to offer enhanced scalability, security and transaction speeds. The platform leverages a unique blockchain programming language called Move, which was originally created for Facebook’s shuttered "Diem" project.In a lengthy post on X, Shaikh, who co-founded Aptos with Avery Ching three years ago, expressed pride i…

Aptos Labs Co-Founder Steps Down, APT Plunges 12.4% - Crypto Economy

TL;DR Mo Shaikh, co-founder of Aptos Labs, resigns as CEO but will continue as the company’s strategic advisor. The CEO position will be taken over by Avery Ching, co-founder and CTO of APT, to lead the company’s next phase of growth. After Shaikh’s departure, the APT token experienced a 12.4% drop, reaching $10.75, in a context of high market volatility. Mo Shaikh, one of the co-founders of Aptos Labs, has announced his resignation as CEO of…

Aptos founder leaves for ‘mental health break’ after six-figure vesting

Aptos Labs co-founder Mo Shaikh has announced his resignation as CEO, stating that he will take “much-needed time to reflect on where the world is headed and to think deeply.” He has seemingly timed his exit perfectly, leaving just after his mid-six-figure compensation package vested. Shaikh co-founded the APT coin-supporting company three years ago with Avery Ching who will succeed him as CEO. Since its launch, Aptos has raised $400 million in …

Aptos Co-founder’s Exit As CEO: Mo Shaikh To “Start A New Chapter”

Muhammad Shaikh has announced his departure from the CEO post. Avery Ching, the current CTO, will replace him. Aptos Labs, a prominent blockchain development company, is witnessing a dramatic leadership change. Mohammad Shaikh, the co-founder, has declared his intention to leave his position as CEO. Avery Ching will take over as CEO, while Shaikh will serve as a ‘strategic adviser.’ Ching is the firm’s chief technology officer (CTO). He and Sha…

Ajua Founder Kenfield Griffith Steps Down As Chair

Ajua, Africa’s integrated customer experience platform, has announced that its founder, Kenfield Griffith, is stepping down as Chairperson, with Richard... Source

APT price volatility spikes as Aptos Labs CEO and co-founder Mo Shaikh steps down

Digital assets traded largely in the red on Friday as Bitcoin failed to steady above $100K amid unwelcoming economic signals. The altcoin space continued to bleed, with most assets recording significant losses over the past day. Meanwhile, reports of Aptos Labs CEO quitting amplified APT’s price volatility. The native token plummeted from a daily peak of $12.66 to the $11.02 low – a 12.96% slide. Aptos CEO quits Aptos Labs CEO and co-founder M…