Ethereum development firm Consensys is separating its consumer-facing MetaMask wallet business from its institutional and infrastructure operations by late 2026, with Joe Lubin serving as chairman and CEO of the MetaMask entity.
Blockchain firm Consensys disclosed that a North Korea-linked software developer gained access to its team and MetaMask wallet code before being identified and removed. The developer used a fake identity to infiltrate the company.
A new Ethereum-focused nonprofit called Ethereum Institutional has launched with backing from Standard Chartered, Consensys CEO Joseph Lubin, Tom Lee's BitMine, and SharpLink Gaming. The launch comes just nine days after EthLabs debuted, marking a rapid expansion of Ethereum's institutional support infrastructure.
ConsenSys CEO Joseph Lubin outlined a potential timeline for Ethereum to become a fully zero-knowledge proof-based protocol within 3 to 5 years, describing it as one of the most significant architectural shifts in blockchain history. Lubin also addressed recent Ethereum Foundation cuts, stating the Foundation's role should be narrower and focused on core technology stewardship.
Consensys, the Ethereum infrastructure company behind MetaMask, has postponed its planned U.S. IPO until at least fall 2026 due to weak and volatile market conditions. This adds to a growing list of crypto firms delaying public offerings.
Consensys and founder Joseph Lubin contributed 30,000 ETH to the DeFi United initiative aimed at recovering losses from the Kelp DAO exploit. The industry-wide effort has now raised over $300 million worth of Ethereum from multiple protocols and entities.
