BlockBeats reported that on December 20, Aptos co-founder and CEO Mo Shaikh announced his resignation on his social media platform. Avery will succeed Mo Shaikh as CEO of Aptos Labs, driving the company into its next phase of growth.

Mo Shaikh stated that he will continue to serve as a strategic advisor for Aptos Labs, and in the coming months, he will reflect on the development direction and deeply consider how the financial system can evolve to continue driving Aptos to become the most mature Layer 1 in the field.