Realistic illustration of Hsiao-Wei Wang resigning from Ethereum Foundation in a corporate setting
Realistic illustration of Hsiao-Wei Wang resigning from Ethereum Foundation in a corporate setting
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Ethereum Foundation co-director Hsiao-Wei Wang steps down

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Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, has resigned from her role effective immediately after returning from a sabbatical.

Wang announced the decision in a post on X on Thursday. She said the time away allowed her to reflect on her priorities, adding that she felt it was the right moment to step back.

Her exit follows the earlier resignation of fellow co-executive director Tomasz Stańczak. At least eight senior figures have left the organization in the past five months.

Board member Bastian Aue has taken on a larger role in guiding the Switzerland-based nonprofit during the leadership transition.

In her statement, Wang noted that Ethereum has always been bigger than any one role, any one organization, or any one moment.

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Reactions on X highlight concerns over ongoing leadership turnover and potential brain drain at the Ethereum Foundation, with some viewing it as a crack in consensus or fragile governance. Others note positive aspects of a leaner structure emphasizing community and permissionless design, or express skepticism about panic over an 'exodus.' Neutral posts raise questions about future direction and summarize diverse community sentiments on decentralization versus stability.

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Illustration of Ethereum Foundation staff reductions showing employees leaving the office amid restructuring.
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Ethereum Foundation cuts 20 percent of workforce

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The Ethereum Foundation has eliminated 54 positions, representing about 20 percent of its staff, as part of a restructuring announced Tuesday.

Ethereum co-founder Vitalik Buterin posted on X about shifting the Ethereum Foundation toward a narrower role. He said the organization will prioritize longevity over breadth while reducing ETH sales. The foundation will focus on censorship resistance, openness, privacy and security.

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Former Ethereum Foundation researcher Dankrad Feist has called for a new community-led organization with a $1 billion treasury to better align incentives with Ethereum's growth.

Charles Hoskinson, the founder of Cardano, has suggested a possible split of the blockchain through a proof-of-burn mechanism following the planned shutdown of TapTools, a key analytics platform in the ecosystem.

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Burkhard Balz will leave the Bundesbank in three months. The executive responsible for the digital euro decided some time ago against a second term. Baden-Württemberg finance minister Danyal Bayaz will manage the succession.

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