PANews reported on January 30 that according to The Block, Griff Green, an early developer of Ethereum, announced that he will use the remaining funds that were not claimed in the 2016 “The DAO” hack to launch a new security fund called “TheDAO Security Fund”. These funds, originally set aside for the return of victims of special circumstances, represent about 20 per cent of the total amount and are now worth about $200 million.
The fund will hold approximately 70,500 ETH (from the ExtraBalance withdrawal contract) and approximately 4,600 ETH equivalent DAO tokens (from TheDAO Curator Multisig), and will support the operation through staking income. The funds will be used to support the Ethereum security ecosystem, and the funding mechanism will adopt grassroots-oriented models such as quadratic financing and retroactive funding, and the Ethereum Foundation Grants Management team will be responsible for the eligibility review of each round of funding. The action is seen as part of the Ethereum Foundation’s “Trillion Dollar Security Plan.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Create a new address and deposit 3.98 million USDC into Hyperliquid, opening a 20x short worth $20.25 million in ETH
Gate News report: On April 6, according to Lookonchain monitoring, ETH has returned above $2,100. Within the past 2 hours, a newly created address deposited 3.98 million USDC into Hyperliquid and shorted 9,526 ETH using 20x leverage (worth $20.25 million). It is currently down $255k unrealized.
GateNews11m ago
Trader Sells $24.68 Million Worth of ETH and AAVE
Gate News message, Trader @thomasg_eth sold 11,409 ETH valued at $23.47 million and 13,150 AAVE valued at $1.21 million two hours ago. The total transaction value reached approximately $24.68 million.
GateNews36m ago
ETH Breaks Through 2100 USDT, 24-Hour Increase of 1.7%
Gate News message, on April 5, the ETH price broke through the 2100 USDT mark, and is currently trading at 2101.17 USDT, with a 24-hour gain of 1.7%.
GateNews1h ago
ETH Breaks Above 2100 USDT
Gate News bot message, Gate market display, ETH breaks through 2100 USDT, current price 2104.87 USDT.
CryptoRadar1h ago
ETH up 0.79% in 15 minutes: On-chain activity surges in tandem with whales adding to positions
2026-04-05 22:30 to 2026-04-05 22:45 (UTC), within 15 minutes ETH’s return rate reached +0.79%, closing in the price range of 2053.03 to 2072.18 USDT. The amplitude was 0.93%. Market volatility has increased somewhat, and related on-chain and structural data highlight a rising level of market attention.
The main driver behind this move is the synchronized increase in the number of active on-chain addresses and trading volume. Within 10 minutes, the active transaction value reached $420.7k, and the number of active addresses rose to more than 20k, indicating that actual user participation is continuing to
GateNews2h ago
