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      Bastion Trading is urging Solana treasury company SkyAI to overhaul its board, raising concerns...

      Bastion Trading is urging Solana treasury company SkyAI to overhaul its board, raising concerns over shareholder interests. According to Bastion, SkyAI paid $5 million in consulting fees in H1 2026 to a related party controlled by the brother of its director and CIO—equivalent to roughly 92% of its staking revenue. At the September 18 annual meeting, all five incumbent directors received more withheld votes than votes in favor, while approximately 82% of votes opposed the equity incentive plan. Bastion and its affiliates, which hold about 9.99% of SkyAI, are calling for meaningful engagement and new directors, and are prepared to pursue legal action if the board fails to respond.https://

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud