Core DAOs early contributors Rich Rines and Brendon Sedo have stepped down from their roles in the DAO as the Bitcoin-focused blockchain transfers more responsibilities to independent validators and community members.
In an October 27 announcement on X, Core DAO said the decision was part of its ongoing decentralization process, which has already seen the network begin transferring block production away from its own operations.
Core is entering its next phase of decentralization.
Since the DAO began handing over its block-production role to independent validators, the network has run with zero downtime throughout the transition.
Decentralization has guided Core since its first block. Each handoff of…
— Core DAO ???? (@Coredao_Org) October 27, 2026
The project said community members would gradually take responsibility for ecosystem development, growth initiatives, and decisions concerning the networks future direction. It expects more independent operators and community-led projects to become involved over the coming months.
Core DAO contributors leave as community takes control
Rines, one of Cores most recognizable contributors, confirmed his departure in a separate statement on X, describing the decision as another step toward the decentralization principles that have guided the project since its launch.
Decentralization has been a founding principle of Core, and today marks another step in that commitment.
We've already seen it work. Independent validators have taken on block production, and the network has kept running without interruption throughout the handover.
Now that… https://t.co/nGi8gNSTWC
— Rich (@richrines) October 27, 2026
According to him, independent validators had already taken responsibility for block production without interrupting the network, and the same approach was now being applied to other parts of Cores operations.
“The validators, builders, partners, and Coretoshis who power Core are already leading the way. I‘m grateful to everyone I’ve had the chance to build alongside. I‘ll always be a Coretoshi, and I’m excited to see Core continue growing as a network built to scale Bitcoin and carry its decentralized ideals forward,” Rines added.
Core DAO has not announced replacements for either contributor or provided a detailed timetable for transferring their remaining responsibilities.
Both Rines and Sedo have played prominent roles in the project, although Core officially identifies them as initial contributors rather than founders.
Rines previously worked at Coinbase, where he led an engineering team responsible for money movement. He joined Cores development efforts in 2022 and helped bring its mainnet online in January 2023.
Sedo, meanwhile, previously co-founded business software company Joist, which was later acquired by EverCommerce. He served as Head of Core Ventures, which had deployed $1 million across several Bitcoin DeFi projects by May 2025, including Colend, Solv Protocol, and BitFLUX.
Cores blockchain uses the Satoshi Plus consensus mechanism, which combines delegated proof of stake with Bitcoin mining participation and noncustodial Bitcoin staking.
The network supports Ethereum-compatible smart contracts, while CORE serves as its native token for transaction fees and staking.
Core has previously worked with institutional custody provider Cobo to expand dual Bitcoin staking services across Asia. The March 2025 partnership focused on helping institutional investors access Bitcoin staking through Cores DeFi infrastructure.
Core DAOs validator transition follows earlier incident
The leadership changes follow Cores decision to transfer its remaining block production responsibilities to independent validators.
In late September, the project outlined plans to hand over the block production duties still managed by its official node, with the transition expected to continue over the following months.
Core said its network had maintained uninterrupted operations during the handover, although it has not specified how many additional independent operators will eventually participate.
Earlier this year, Core ran into problems with validator rewards. As crypto.news previously reported at the time, a small group of Core validators had obtained CORE rewards above the amounts permitted by the protocol.
The incident prompted the project to coordinate an emergency hard fork, while Coinbase, Bithumb, Coinone, and other exchanges temporarily restricted CORE transfers.
Core said the issue concerned reward issuance and had not compromised user assets or the networks security. Its proposed upgrade was designed to prevent further excess rewards without reversing previously confirmed transactions.
The project subsequently activated an emergency upgrade in September, with the response becoming one of several developments involving Cores validator infrastructure during 2026.
Community questions CORE allocations and transparency
Not everyone in Cores community has welcomed the explanation surrounding the leadership departures.
In a response to the announcement, community account Corefrontline questioned whether the transition represented genuine decentralization, citing concerns about CORE liquidity, token distribution, and accountability.
Hey @Coredao_Org
Decentralization of block production is one thing. Handing the community a dried-up token while the same group that controlled the partnerships, the Maple litigation (settled with confidential terms and no public benefit to holders), the reward-issuance mess,… https://t.co/AWJp7CeOKg pic.twitter.com/2jOjmttsnP
— Corefrontline (@corefrontline) October 27, 2026
The account argued that transferring block production to independent validators did not necessarily address control over contributor allocations, reserves, and treasury tokens.
It called for wallet-level transparency concerning the remaining allocations and questioned whether the departing contributors had adequately addressed concerns raised by token holders.
Corefrontline further pointed to the projects previous dispute with Maple Finance and the validator reward incident, arguing that unresolved community questions should receive attention during the handover.
The dispute with Maple Finance dates back to 2025, when Core Foundation accused the lending protocol of breaching confidentiality and exclusivity agreements connected to their Bitcoin yield partnership.
A Cayman Islands court granted an injunction in November 2025 that restricted Maples planned syrupBTC launch and certain dealings involving CORE tokens. Maple denied the allegations.
The parties subsequently reached a settlement in May 2026, with the terms remaining confidential and neither side admitting liability.