On Thursday, Dec. 19, 2024, Mo Shaikh posted on X that he was leaving his job as chief executive of Aptos Labs, and co-founder Avery Ching , the company's chief technology officer, took the role the same day. “Today, I am stepping away from Aptos Labs to start a new chapter,” Shaikh wrote. Aptos Labs develops the layer-1 blockchain Aptos, which launched in October 2022 after two funding rounds that raised $350 million, the second at a $2 billion valuation. From the start of that day to the start of Dec. 26. Did the handoff move the coin, and what has the company done since?
· Mo Shaikh steps down as Aptos Labs CEO and co-founder Avery Ching takes the job
Avery Ching Succeeds Mo Shaikh as Aptos Labs CEO
Aptos Labs' chief technology officer became its chief executive on Dec. 19, 2024, the day co-founder Mo Shaikh stepped down, and a crypto outlet has since pressed the case that the exit came at a convenient time.
Share
People in this piece
- Avery ChingAptos Labs, CEO
- Mo ShaikhAptos Labs, CEO
Projects
Aptos Labs · Protos · Decibel Foundation · Maximum Frequency Ventures · Hyperliquid · BlackRock · Franklin Templeton · Apollo