Hsiao-Wei Wang has resigned from her role as co-executive director and board member of the Ethereum Foundation. Her departure follows the exit of several high-ranking officials, including protocol cluster leads and former co-executive director Tomasz Stańczak. The foundation has lost eight senior leaders over the past five months, marking a significant period of leadership transition.
In a development reflecting a severe liquidity crunch within the foundation governing the second-largest cryptocurrency, the Ethereum Foundation has expanded its restructuring to include a massive 40% cut to its total budget.
Read the full storyCo-executive director Hsiao-Wei Wang has resigned, marking the eighth senior departure from the Ethereum Foundation in five months as the organization undergoes a major leadership transition.
Hsiao-Wei Wang has stepped down as co-executive director and board member, marking the latest high-profile exit from the Ethereum Foundation's executive ranks.