Ethereum Security Fund Initiative Unveiled
Nearly a decade after the infamous DAO collapse, dormant assets tied to the incident are being repurposed to launch a major security fund aimed at strengthening Ethereum’s cybersecurity infrastructure.
Background and Fund Origins
The 2016 DAO hack led to a hard fork in Ethereum, with part of the funds frozen. These unclaimed assets have now found new life as a long-term security initiative.
- One of Ethereum’s earliest crises
- Repurposing funds for network safety
- Legacy of the DAO transformed into protection
Looking Ahead
According to Griff Green, co-founder of Giveth, this initiative will provide long-term security enhancements for Ethereum, safeguarding the blockchain ecosystem valued in the hundreds of billions.