A senior developer of the Geth Ethereum customer has accused the Ethereum Foundation (EF), secretly created and financed a second Geth development team. The Geth client is the software utilized by validators to perform Ethereum transactions.
According to an X -Post by Core Developer Péter Szilágyi, the organization The GETH development team in various ways, including the developers' encouragement, to work in other corporations, propose salary cuts and offer 5 million US dollars with a purpose to undergo a non-public company. Szilágyi wrote X Post in a Wednesday:
“EF began and financed a second Geth team in Nethermind. A 100% independent fork of us without intended cooperation,” said Josh Stark, they usually didn’t say to me, Felix or Martin until I came upon in November 2025. “
He corrected the 12 months below within the post chain and wrote: “2024, whatev:”. “
The Geth developer said that after a one-on-one interview with Josh Stark, a representative of the inspiration, was released by the Ethereum Foundation, during which he confronted himself with the second “secret” team from Geth.
Source: Peter Szilágyi
CoinTelegraph turned to the Ethereum Foundation a comment, but had not received a solution on the time of publication.
The allegations follow management changes at Ethereum Foundation and quite a lot of initiatives that aim to advertise the Blockchain protocol for institutional investors with a purpose to renew the interest within the Ethereum network.
The Ethereum Foundation takes off employees, Pivots Financing Strategy
On June 2, the inspiration announced that employees reduced cuts and revised their core development team with a purpose to give attention to scaling the protocol, increasing the Blobspace and the development of the user experience of Ethereum, the critics are too complex for the typical person.
https://www.youtube.com/watch?v=ef3wcss75qy
The Ethereum Foundation also floated to a financing strategy that’s controlled by the loans and loans of decentralized financing (Defi) in contrast to its traditional method for the sale of ether (ETH) on the free marketplace for the financing of business activities.
As a part of the brand new financial strategy, the inspiration will even create regular financial reports during which operating costs and current reserves are described with a purpose to offer the community to budgeting the organization transparency.
