
Ethereum will unlock over 75,000 unclaimed ETH from the 2016 DAO incident to fund a renewed Security Fund, enhancing network protection nearly a decade after the breach.
Ethereum is set to establish a new TheDAO Security Fund using more than 75,000 unclaimed ETH from the 2016 DAO hack, now valued around $200 million. The move comes a decade after a smart contract vulnerability enabled one of crypto’s most infamous breaches. The fund will be financed through staking yields from these holdings and overseen by the Ethereum Foundation’s grants program, aiming to strengthen security safeguards across the Ethereum network.