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Andre Cronje, Michael Kong and David Richardson stepped down from the Sonic Labs board on Friday, while Matt Visser has been appointed as CEO, replacing Mitchell Demeter who resigned in February.
Wang's departure has added to a growing list of high-profile exits from the Ethereum Foundation this year.
The offering from the financial services company will reportedly only include yes-or-no bets on whether the S&P 500 closes above or below a target price.