Ethereum developer Griff Green announced plans to reallocate unclaimed funds from the 2016 DAO hack to establish TheDAO Security Fund, aimed at enhancing Ethereum ecosystem security. Approximately 20% of the original compensation funds, initially around $6 million and now valued at about $200 million, remain unclaimed. This includes roughly 70,500 ETH and some ETH and DAO tokens. These assets will be staked, with the generated yields funding security-related projects, in collaboration with the Ethereum Foundation's "Trillion Dollar Security" initiative.
Ethereum Developer to Reallocate Unclaimed DAO Hack Funds for Security
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
