Home BlockchainEthereum's Oldest Crisis Reborn as a $220 Million Security Fund

Ethereum's Oldest Crisis Reborn as a $220 Million Security Fund

by Vivek Kumar
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Ethereum's Oldest Crisis Reborn as a $220 Million Security Fund

In brief

  • Roughly 75,000 ETH left over from unresolved DAO contracts will be redirected into a long-term security endowment.
  • The initiative formalizes a plan set by early Ethereum curators to use unclaimed funds for ecosystem defense.
  • Governance of the fund will rely on community-driven grant mechanisms rather than core developer oversight.

Assets tied to the 2016 collapse of The DAO are being redeployed as a major crypto security endowment, nearly a decade after a hack that triggered Ethereum’s…

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