On Thursday, Griff Green, a key developer behind The DAO, announced a new fund aimed at enhancing Ethereum security using unclaimed funds from the 2016 hack. About 20% of these funds remain unclaimed, valued at around 200 million USD, which will now support crucial security enhancements.
The DAO Security Fund intends to utilize approximately 70,500 ETH from various unclaimed contracts to bolster Ethereum’s safety. This initiative is part of the Ethereum Foundation’s larger security strategy, incorporating innovative funding methods to maximize effectiveness in resource allocation.
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