Ethereum foundation rocked as 9 senior leaders quit while ETH trades 57% below its peak
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Nine senior figures have quit the Ethereum Foundation this year, including co‑executive director Hsiao‑Wei Wang, even as ETH trades about 57% below its all‑time high and Solana closes the gap.
Wang, who joined in 2017 and helped design the transition to proof‑of‑stake, resigned amid backlash over a new “Mandate” that critics say puts ideology ahead of competitiveness.
With an ex‑researcher now floating a rival billion‑dollar organisation and Vitalik Buterin insisting the Foundation is “not the center of Ethereum,” investors are asking whether this is a controlled reset or the start of a deeper governance crisis.
