Ethereum Foundation hit by fresh exit as Hsiao-Wei Wang steps down

Wang's departure has added to a growing list of high-profile exits from the Ethereum Foundation this year.

The chairman of BitMine, the largest corporate holder of Ether, brushed off a former Ethereum Foundation contributor's warning that core development could run short of money within nine months.

The Ethereum network could face a slow-burning funding crisis within three to nine months, warned Trent Van Epps, adding that spending cuts and a wound-down incentive program could squeeze the roughly $30 million-a-year effort that keeps Ethereum’s base layer running. A Warning From Inside Trent Van Epps, who for years helped coordinate funding for Ethereum’s […]

Hsiao-Wei Wang resigned as co-executive director and board member of the Ethereum Foundation on Thursday after a sabbatical, the second co-ED exit at the Switzerland-based nonprofit in four months and the latest in a five-month wave of senior departures.

The warning comes as the Ethereum Foundation reduces spending, adjusts its treasury strategy and undergoes a wave of leadership departures.

A former Ethereum Foundation coordinator has warned that Ethereum’s core development ecosystem may face funding pressure as older support programs expire.

Ethereum Foundation has witnessed some changes in leadership through the resignation of Hsiao-Wei Wang from the Foundation. She has been one of the key figures in Ethereum’s research, development, and governance operations in recent years. The move marks yet another transition period for the Ethereum Foundation. They are making changes

Another key figure at the Ethereum Foundation is stepping away from her post, continuing a recent leadership exodus.