Aptos Labs CEO Mo Shaikh resigns, co-founder Avery Ching takes over
ChainCatcher news, according to CoinDesk, Aptos Labs co-founder Mo Shaikh announced his resignation as CEO, and co-founder Avery Ching will take over. Aptos is a Layer-1 blockchain that emphasizes high scalability, security, and transaction speed, built on the Move programming language developed for Facebook's "Diem" project.In a lengthy post on social platform X, Shaikh reflected on Aptos's achievements over the past three years, including successfully raising $400 million in venture capital and building an ecosystem supported by thousands of developers. He thanked investors such as BlackRock, Google, Mastercard, and PayPal for their support and stated that he would continue to support the company's growth as a strategic advisor while reflecting on the future of blockchain and the financial system.