ApeCoin restructures its operations: ApeCo's head departs, and the core team merges into Yuga Labs.

CoinFeed reported on May 29th that Michael Figge, CEO of Yuga Labs, announced on the X platform that the team will be making some adjustments to ApeCoin. Previously, Yuga Labs and ApeCo operated in a parallel coordination model due to regulatory ambiguity, leading to inefficiency. With the changing regulatory environment, the team has decided to simplify the structure and eliminate the independent ApeCo head role. Cam, the head of ApeCo, will be leaving. The core ApeChain technology and BD team will work directly with Yuga Labs, and other members will also be leaving. The transition will be completed on June 5th.