PANews reported on June 9 that Ahmad Shadid, founder and CEO of io net, announced his resignation as CEO in an X-platform post, effective immediately, and co-founder and COO Tory Green took over. Ahmad Shadid said that despite the allegations against his past, he wanted to emphasize that his resignation as CEO was to allow io net to move forward without interference and focus on the company's development and success. In addition, to express his gratitude, Ahmad Shadid will personally donate 1 million IO tokens to io net's GPU Internet Foundation to help develop the ecosystem.