Ethereum Foundation Adds a Cybersecurity Specialist to Its Board — After a 40% Budget Cut

Ethereum Foundation has appointed Pascal Caversaccio to its board of directors — co-founder of SEAL 911, an emergency-response initiative for critical vulnerabilities across the Ethereum ecosystem, and author of two books on network privacy ("Ethereum Privacy: The Road to Self-Sovereignty," 2025, and "The Ethereum Cypherpunk Manifesto," 2024). The role is voluntary and unpaid for a one-year term, with a renewal decision expected by July 2027.

• The board now has four members: President Aya Miyaguchi, Vitalik Buterin, Patrick Storchenegger, and Caversaccio
• Before the appointment, Caversaccio already served on the Foundation's Silviculture Society, an advisory group focused on preserving its core principles: censorship resistance, open-source development, privacy, and security
• The appointment comes after the Foundation cut its budget by roughly 40% and eliminated about 54 positions
• Its Privacy and Scaling Explorations research lab was wound down, and both co-executive director seats remain vacant following the departures of Tomasz Stańczak in February and Hsiao-Wei Wang in June 2026

“I respect my EF colleagues far too much to pretend that there was not much that is lost.”

— Vitalik Buterin, Ethereum co-founder

Expanding the board specifically with a security and privacy specialist reads as an attempt to keep those priorities front and center even amid the cuts — echoing the broader network overhaul Buterin himself outlined separately: he unveiled "Lean Ethereum," the network's biggest rebuild since the Merge. More detail on Caversaccio's appointment is available via Cryptonomist.

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