"Monthly expenditures from the Foundation, Buterin said, are now due to fall from 410,000 CHF ($420,858) per month to 340,000 CHF ($349,201) on 1st October. The ultimate goal will be to reduce the Foundation's burn rate to between 200,000 CHF ($205,370) and 250,000 CHF ($256,818) per month"
Holy sh.. Just came across this.
I'll refrain from jokes about coke and hookers, though
looks like mismanagement to me