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

CoinDesk· Margaux Nijkerk· Jun 23, 2026 · 3:00 PM
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.

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