Ethereum Foundation Sees Continued Departures with Hsiao-Wei Wang's Exit

Leadership Changes at Ethereum Foundation

Hsiao-Wei Wang has stepped down as co-director of the Ethereum Foundation, contributing to an ongoing trend of significant turnover within the organization. Her resignation was announced via social media and comes shortly after her co-director, Tomasz Stańczak, left the Foundation in February.

Wang noted that during her recent sabbatical, interim co-director Bastian Aue managed the transition effectively. She expressed appreciation for the team's efforts and concluded that it was time for her to move on. Her departure is particularly notable as it follows Ethereum co-founder Vitalik Buterin's call for a more streamlined Foundation focused on key issues such as censorship resistance and security.

Concerns Over Future Direction

Wang's exit adds to a list of significant departures, including top researcher Dankrad Feist, raising concerns about the Foundation's ability to support the Ethereum ecosystem effectively. Feist had previously urged for the creation of a new organization with substantial funding to ensure Ethereum's survival and success.

Buterin's comments earlier this year indicated that the Foundation would be moving towards a “smaller ship,” suggesting a shift in strategy aimed at improving collaboration with ecosystem builders. This follows a period of tension within the organization, with major changes anticipated as it seeks to enhance its operational focus.

Financial Outlook

In response to past criticisms regarding its ETH sales, the Ethereum Foundation has adopted a more transparent treasury policy, aiming to generate acceptable returns on its assets. This includes plans to stake approximately 70,000 ETH, valued at roughly $119 million at current prices. However, the value of ETH has recently declined by about 1.4%, trading at $1,708, which is nearly 66% lower than its peak of $4,946 in August 2025.

A spokesperson for the Ethereum Foundation has not yet provided comments regarding Wang's departure or the ongoing leadership changes.