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Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset

Crypto CoinDesk By Margaux Nijkerk 23 Jun 2026 15:00 1 min read
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset

The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization's ongoing turmoil.

The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization's ongoing turmoil.

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