THEDAO
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TheDAO Returns as $220 Million Ethereum Security Fund

TheDAO Security Fund plans to deploy about 75,000 ETH—worth roughly $220 million—to support audits, tools, and teams protecting DeFi protocols and wallets. This community effort, guided by Ethereum curators like Vitalik Buterin, Taylor Monahan, and Alex Van de Sande, uses unclaimed ether dormant since the 2016 hack that drained 3.6 million ETH and prompted Ethereum's hard fork. Backers see it as poetic justice, turning a painful history into stronger defenses against ongoing crypto exploits, though some worry about potential ETH sales.

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