The Ethereum Foundation, a Swiss non-profit central to the Ethereum ecosystem, reportedly faces scrutiny. An undisclosed “state authority” is investigating the organization, revealed through a GitHub repository update on February 26, 2024.

The nature and details of the probe remain shrouded in mystery.

Ethereum Dips 2% in Less Than 5 Minutes

The Ethereum Foundation has received a confidential inquiry from a state body. Amidst this development, the price of Ethereum has dipped by around 2% in less than 5 minutes, adding to the 16% price correction seen over the past week.

The investigation emerges amid these technological and financial shifts. The Ethereum Foundation has historically maintained transparency regarding governmental inquiries, as evidenced by a now-removed website disclaimer. This disclosure pledged to reveal any non-routine governmental contact, an assurance erased in the February GitHub update.

The removal of the website’s warrant canary alongside the disclaimer raises eyebrows. Typically, a warrant canary serves as a covert alert to government subpoenas or demands, its disappearance hinting at such occurrences without explicit acknowledgment. Notably, the Foundation had mistakenly removed this canary in 2019, only to rei

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Author: Harsh Notariya

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