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Ethereum transferred their funds to a Swiss foundation (a "Stiftung") if I remember correctly. And they are not moving to a distribution model where they can mi
by jcfrei 6y ago
Ethereum transferred their funds to a Swiss foundation (a "Stiftung") if I remember correctly. And they are not moving to a distribution model where they can mint ether. They can still finance their operations from the initial 12 million ethers credited to the foundation - of which about 460k remain (that's currently about $280 mio: https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e4... )