Tom Lee Responds to Concerns of Ethereum Facing Funding Crisis: Probability is Zero, Funds are Secured

06/20 03:45

On June 20, Tom Lee, chairman of BitMine, Ethereum's largest treasury, responded to claims made by former Ethereum Foundation contributor Trent Van Epps, who stated that the core development ecosystem of Ethereum may face a funding crisis in the next 3 to 9 months. Lee stated, 'In my view, the probability of this 'crisis' occurring for ETH is zero. The funds are already in place.' Previously, Van Epps had expressed concerns that as the foundation continues to push forward with its 'Subtraction governance' strategy, the treasury is gradually shrinking, and the four-year Client Incentive Program (CIP) expired in April this year, which could lead to a slowly brewing funding crisis for the Ethereum core development ecosystem in the coming months.

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