The Block co-founder Mike Dudas announced his resignation as an advisor to Aptos

ChainCatcher news, The Block co-founder Mike Dudas announced on social platform X that he is stepping down as an advisor to Aptos, "Since my good friend Mo Shaikh co-founded this project, I have been an advisor to Aptos since 2022. This is the only crypto project I have advised. As of today, I will resign from my advisory role and request Aptos to transfer my advisory tokens to Coin Center."

"My commitment as an advisor to Aptos predates my time as a full-time venture capitalist and postdates my time as the founder of The Block. I took this position to support a person and mission I deeply believe in. I have always valued and supported the idea that substance outweighs appearance. I will continue to uphold this."

ChainCatcher previously reported, according to CoinDesk, Aptos Labs co-founder Mo Shaikh announced his resignation as CEO, with co-founder Avery Ching set to take over. Aptos is a Layer-1 blockchain focused on high scalability, security, and transaction speed, built on the Move programming language developed for Facebook's "Diem" project.

In a lengthy post on social platform X, Shaikh reflected on Aptos's achievements over the past three years, including successfully raising $400 million in venture capital and building an ecosystem supported by thousands of developers. He thanked investors such as BlackRock, Google, Mastercard, and PayPal for their support and stated that he would continue to support the company's growth as a strategic advisor while reflecting on the future of blockchain and the financial system.