Coinspeaker
Authorities Investigate Ethereum Foundation, SEC Seeks to Classify ETH as Security
Undisclosed state authorities have launched an investigation into the Ethereum Foundation, the non-profit organization responsible for overseeing the network, for an alleged crime.
CoinDesk reported on Wednesday, citing the Foundation’s GitHub commit published last month, that the organization received an official notice of voluntary inquiry from an unnamed “regulatory body”, including a requirement for “confidentiality”.
Ethereum Foundation Linked to Gatecoin Hack
The notice was posted on GitHub last month in February. However, the scope and focus of the investigation remained sealed as the Foundation failed to return CoinDesk’s request for comment.
While the details of the probe are yet to be known, in January an on-chain sleuth known within the crypto community as Boringsleuth posted on X that the Foundation could be involved in the attack on Gatecoin in 2016.
Gate
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