Ethereum Foundation removes warrant canary after ‘voluntary enquiry from a state authority’
The Ethereum Foundation’s disclosure of the probe went unnoticed for weeks
Mia Stendal/Shutterstock modified by Blockworks
The Ethereum Foundation, a non-profit supporting the Ethereum ecosystem, removed the warrant canary indicating it’s never been served a government subpoena from its website on Feb. 26.
“[W]e have received a voluntary enquiry from a state authority that included a requirement for confidentiality,” Ethereum web developer Pablo Pettinari wrote alongside a code commit removing the canary.
The Ethereum Foundation performs functions such as handling grants and providing research for the Ethereum ecosystem. It emphasizes that it does not control or lead Ethereum. Ethereum co-founder Vitalik Buterin serves on its executive board.
The Ethereum Foundation erroneously removed its warrant canary in 2019 — though this time seems to be for real.
The price of ether (ETH) fell more than 2% immediately after the news broke, furthering a bearish week for the token.
Industry watchers were quick to point out that the Ethereum Foundation’s “voluntary enquiry” could be no big deal.
“It’s extremely common for crypto protocol foundations to receive voluntary requests for information from federal and state regulators. And subpoenas are about as sure as the sunrise for a crypto entity,” Mike Selig, partner at Willkie Farr & Gallagher, said on X.
The Ethereum Foundation did not immediately return a request for comment.
Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.
Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.
Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.
The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.