Ethereum Foundation Axes Core Team in Major Shakeup—Restructuring or Retreat?

The Ethereum Foundation just made deep cuts to its core development team—sending shockwaves through the crypto ecosystem. Was this a strategic pivot or a red flag for ETH’s roadmap?

Sources confirm the reorganization slashes key personnel as the Foundation ’streamlines operations.’ No numbers disclosed—because transparency is so 2021 in crypto governance.

Meanwhile, ETH traders shrug and keep aping into meme coins. Priorities.

Ethereum’s Pectra Security Flaw

The Ethereum Improvement Proposal EIP-7702, introduced earlier this year, exposed vulnerabilities that malicious actors have actively exploited, underscoring the critical need for a more focused approach to protocol development.

Originally introduced to enhance wallet functionality by allowing standard Ethereum accounts to temporarily behave like smart contracts, EIP-7702 has inadvertently opened the door to new forms of abuse. On-chain analysts and security firms have flagged a wave of wallet-draining attacks exploiting the new delegation feature, raising urgent questions about the security implications of recent protocol changes.

The timing of the Ethereum Foundation’s reorganization suggests an effort to address the operational shortcomings and restore confidence in its protocol development roadmap.