Ethereum Foundation: Ethical Hacker Pascal Caversaccio Joins Board

A specialist in crypto crises. Pascal Caversaccio, known by the pseudonym << pcaversaccio >>, joins the board of directors of the Ethereum Foundation for a one-year volunteer term. His appointment brings the total number of board members to four. Co-founder and head of SEAL 911, Caversaccio typically intervenes when a protocol is attacked or a wallet is at risk of being compromised. His arrival comes a month after a restructuring that eliminated 54 positions, about 20% of the Foundation's workforce.

Key Points {#h-key-points}

• Pascal Caversaccio (pcaversaccio), co-founder of SEAL 911, joins the board of the Ethereum Foundation for a one-year volunteer term, bringing the body to four members.
• SEAL claims to have handled over 3,300 cases, 125 war rooms, and recovered over $50 million in assets since late 2023.
• His appointment comes a month after the elimination of 54 positions, the closure of the PSE lab, and a nearly 40% budget cut for 2026.
• Three structures emerging from the EF (Ethlabs, Ethereum Institutional, EthSystems) will take over its missions, funded by BitMine, SharpLink, and Joseph Lubin.

A Security Specialist on the Ethereum Foundation Board (EF) {#h-a-security-specialist-on-the-ethereum-foundation-board-ef}

SEAL 911 is a free emergency intervention service available at all times. It connects victims of hacking, protocol teams, and verified security researchers to limit losses and coordinate the response.

Pascal Caversaccio joins a board composed of Aya Miyaguchi, president of the Foundation, Vitalik Buterin, co-founder of Ethereum, and Patrick Storchenegger, its Swiss legal advisor. According to the official announcement, this body defines the overall vision, ensures alignment of management decisions with the values of the EF, and oversees compliance with its obligations as a Swiss foundation.

The EF presents it as a << security council >> tasked with protecting << the heart and soul >> of the organization. This formula takes on a concrete dimension with the arrival of an expert accustomed to vulnerabilities, attacks, and crisis cells.

He was already advising the Foundation within the Silviculture Society, an informal group dedicated to four principles: resistance to censorship, free software, privacy, and security. These values make up the acronym CROPS, now placed at the center of the EF's mandate.

He is also the author of << The Ethereum Cypherpunk Manifesto >>, published in 2024 based on the historical manifesto by Eric Hughes.

An Appointment Following Significant Restructuring in Recent Months {#h-an-appointment-following-significant-restructuring-in-recent-months}

The appointment comes after a profound transformation of the Ethereum Foundation. On June 23, the organization announced the departure of 54 employees and a reorganization around five poles: protocol, access, users, community, and institutions. Vitalik Buterin simultaneously announced a budget reduction of nearly 40%.

Some former collaborators are now continuing their activities in independent structures. Ethlabs is working on research and development of the protocol. Ethereum Institutional coordinates relationships with banks, asset managers, and companies interested in tokenization. EthSystems develops privacy tools intended for institutions.

These organizations have received support from BitMine, SharpLink, and Joseph Lubin, co-founder of Ethereum and leader of Consensys. Their rise reduces the number of missions directly undertaken by the Foundation, while it refocuses on the protocol and its core principles. With Caversaccio, the EF thus places security and privacy directly in its decision-making body, at a time when its operational scope and expenses are tightening.

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