Bastion Trading urges SkyAI board overhaul over $5 million consulting fees

  • Bastion Trading urged SkyAI to overhaul its board over shareholder-interest concerns.
  • $5 million in consulting fees was paid during H1 2026, Bastion said.
  • SkyAI paid a related party controlled by the brother of its director and CIO.

Bastion Trading is urging Solana treasury company SkyAI to overhaul its board, citing concerns about shareholder interests. Bastion said SkyAI paid $5 million in consulting fees during the first half of 2026 to a related party controlled by the brother of SkyAI's director and CIO.

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