BlockBeats news, on December 20, Aptos co-founder and CEO Mo Shaikh announced his resignation on his social media platform. Avery will take over as CEO of Aptos Lab to drive the company into the next phase of growth.

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