https://www.coindesk.com/business/2024/12/19/aptos-labs-ceo-mo-shaikh-quits-avery-ching-to-take-his-placeAptos Labs CEO Mo Shaikh Quits; Avery Ching to Take His Place
"The Aptos co-founder is sticking around as a strategic adviser, though.
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 in the progress made by the company, which included raising a mammoth $400 million in venture capital funding and building "one of the most robust ecosystems, trusted by over a thousand builders and innovators around the globe.""