Ethereum OGs Bring The DAO back in $220 Million Security Initiative

Ethereum community members on Thursday said they are launching a new fund to use Ether tied to unresolved DAO contracts from 2016 to support Ethereum security.

During a live interview on Unchained, Griff Green, an Ethereum community member and co-founder of Giveth, said more than 70,500 Ether (ETH) will move into a new entity called The DAO Fund. The funds come from unclaimed balances in smart contracts created after the 2016 DAO hack.

At current prices, the ETH is worth about $220 million. The group also confirmed the plan in a post on X shortly after the interview.

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