Mohammad Shaikh, the co-founder and CEO of layer-1 blockchain Aptos Labs, has resigned from the top position to “start a new chapter,” with co-founder and chief technology officer Avery Ching ...

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.

Mo Shaikh, co-founder of Aptos Labs, which supports its layer 1 blockchain, announced that he is stepping down as CEO. However, he chose to stay on as a strategic advisor to the company board.

Mo is the CEO and Co-founder of Aptos, the safe and scalable layer 1 blockchain. He is a 3x founder with over a decade of multinational financial services and blockchain/crypto experience.

You could say Aptos, co-founded by Mo Shaikh and Avery Ching, was on the move in 2024. The layer-1 blockchain, a descendant of Facebook's discontinued Libra (later Diem) project, landed ...

Aptos has continued to rise following the shocking news a couple of weeks ago that the project's co-founder Mo Shaikh would be stepping down (though he will retain a role as a strategic advisor).