Crypto
Man Standing Next to Office Equipment
(Getty Images)

Ethereum Foundation gets new leadership as co-Executive Director Tomasz Stańczak steps down

Stańczak first joined the Ethereum Foundation in 2025, when community members had a litany of grievances against the nonprofit organization tasked with steering the blockchain network.

Sage D. Young

The leadership team at the Ethereum Foundation is changing. 

Tomasz Stańczak, the co-executive director of the nonprofit organization, has announced he’s stepping down from the role and plans to act more as a “hands-on product builder.”

Stańczak’s decision comes less than one year after he joined the foundation as co-executive director during a time when ethereum community members were airing their grievances about the foundation, ranging from fears the network was losing its competitive edge against its peers to the organization’s general absence on social media and conflict of interests between the foundation and developers. 

Stańczak pointed out that during his time as co-executive director, a number of goals for the foundation were completed or are consistently improving, such as speaking to younger generations, supporting founders, communicating more openly on social media, setting up treasury policies, and creating internal transparency around budgets. 

“For Ethereum’s success, the most important meta change that occurred during Tomasz’s tenure is that the modern EF now actually pays attention to the real world,” Ryan Berckmans, an ethereum investor and community member, said on X. 

Ethereum cofounder Vitalik Buterin wrote that Stańczak increased the efficiency in the foundation and made the organization more responsive to the outside world. “He brought fresh new energy to the organization, and as a result of his encouragement and support, the Ethereum Foundation is regularly doing things well outside its previous comfort zone.”

Stańczak said, “While my ability to execute independently at the EF diminishes over time, my time at the organization in 2026 would feel more and more like just staying around to pass the baton.”

As a result of Stańczak’s departure, the foundation’s board appointed Bastian Aue as interim co-executive director, effective immediately. Aue, who sports a Milady NFT as his X profile, has been a core part of the executive team prior to his appointment, focusing on grants, enterprise, and operations, the foundation’s board stated. 

Reactions to Aue’s appointment as interim co-executive director were effusive: 

  • Aya Miyaguchi, president of the Ethereum Foundation, wrote on X, “There is no one more ready to take on this role than Bastian. With his extensive organizational knowledge, and a deep understanding of Ethereum’s roots as well as our principles, I am confident that he will provide steady leadership in navigating this transition, and ensure our mission remains focused while we grow with the garden.”

  • Etherealize cofounder and president Danny Ryan said, “Bastian is the single most thoughtful and wise person I have ever worked with. While at the EF, Bastian was my number one source of counsel on every tough decision I made during that era, and I still regularly seek his perspective.” 

  • Vitalik Buterin stated, “Welcome Bastian! Ethereum is for node runners, UX and product builders, community organizers, forum crews, lurkers, and free software advocates, cyberanarchists, Landian accelerationists, financepunks, femboys, and all others who do not fit into a 280 character limit. Milady.”

More Crypto

See all Crypto
crypto

Ethereum exits: Investors depart its ETFs and the Ethereum Foundation shrinks (again)

On Monday, two researchers announced they were leaving the nonprofit organization tasked with supporting the second-largest blockchain network, adding to a growing exodus from the Ethereum Foundation.

Carl Beek, who helped architect the early design of ethereum’s beacon chain, will end his seven-year tenure with the foundation at the end of the month, while research scientist Julian Ma, who focused on product and growth work, has also decided to leave after four years.

Beek and Ma deepen a recent bout of turnover. Last week, the foundation said in a blog post that lead developers Barnabé Monnot and Tim Beiko are moving on from the organization. In April, Josh Stark, who was on the Ethereum Foundation leadership team for five years, left, as did Trent Van Epps, who organized Protocol Guild, which provides funding to core developers. The string of departures has raised concerns among those in the ecosystem.

“There have been a lot of disagreements about where ETH should move, whether from an issuance or architectural standpoint,” Laurens Fraussen, a research analyst at data provider Kaiko, told Sherwood News. “I’d assume the people leaving are either looking for greener pastures or don’t agree with the way the EF is being run.”

The foundation exodus comes as investors exit from ethereum ETFs. The investment vehicles saw more than $86 million in outflows on Monday, making six straight days of outflows, the longest streak since March, according to SoSoValue.

Meanwhile, an address identified as Galaxy Digital has a $2.3 million short position on ethereum using 20x leverage on Hyperliquid, data from blockchain analytics firm Nansen shows. The price of ethereum stands just under $2,110 as of 12:10 p.m. ET. With an entry point of $2,203, the firm has an unrealized gain of $102,000.

crypto

Ethereum falls faster than bitcoin as crypto tape turns red

The second-largest cryptocurrency is nearing the $2,100 mark, declining more than 9% in the last seven days, a steeper decrease than its older sibling bitcoin, which is also suffering.

Ethereum ETFs have had five consecutive days of outflows combining for $255 million, data from SoSoValue shows.

Meanwhile, Goldman Sachs and Harvard University both filed 13Fs showing each pulled back their exposure to ethereum.

Goldman now holds nearly $178 million in BlackRocks iShares Ethereum Trust ETF, down from $679 million, according to its latest 13F filing. It also exited its $394 million position in the Fidelity Ethereum Fund as well as a smaller position in ETHZilla, while adding $67 million of the iShares Staked Ethereum Trust ETF.

Harvard completely trimmed its ethereum exposure. The endowment did not report any ethereum ETF holdings in its latest 13F filing, submitted Friday, but showed an $86.8 million position in BlackRocks iShares Ethereum Trust ETF in its previous 13F filing in February.

But ethereum bulls remain: treasury behemoth BitMine Immersion Technologies continued its accumlation of ethereum, albeit at a slower pace. Over the past week, we acquired 71,672 ETH, Chairman Tom Lee said in a Monday press release. We view the recent pullback of ETH to below $2,200 as an attractive opportunity. The firms unrealized loss now exceeds more than $7.3 billion.

Traders aren’t so bullish: prediction market-implied odds of ethereum breaking $2,500 in May stand at just 7%, a sharp drop-off from a week ago, when the probability was at 57%.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.