Due to the Ethereum Foundation's inability to meet the expectations of the community and the radical remarks made by founder Vitalik Buterin last night, a foundation called the Second Foundation quietly emerged. It is reported that the organization was founded by Lido founder Konstantin Lomashuk with the goal of strengthening support and development for the Ethereum ecosystem.

After the news was released, many people said that Ethereum has finally been "CTO (Community take over)", meaning it has been taken over by the community.