TON Foundation names MoonPay co-founder Maximilian Crown as CEO

The TON Foundation (TON) has appointed MoonPay co-founder Maximilian Crown as its new CEO, according to CoinDesk. Crown, who previously served as CFO and COO at MoonPay, will continue to serve on its board. His appointment follows a $400 million investment in TON and comes as the network's user base grows, despite a drop in token value.