Griff Green: Unclaimed ETH from The DAO hack 10 years ago will be used to create a $250 million Ethereum security fund

CoinNetwork · 2026-01-29T16:15:53+00:00

Unchained podcast host Laura Shin posted a video in which Griff Green announced the return of The DAO, with unclaimed ETH to be used to create an Ethereum security fund worth $250 million. Ethereum founder Vitalik Buterin confirmed the launch of the security fund, which will mobilize more than 75,000 ETH. The fund grew out after The DAO hack in 2016, leading to an Ethereum hard fork.

CoinNetwork

2026-01-29 16:15:53

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According to Coin.com, Unchained podcast host Laura Shin released a video in which Griff Green said that TheDAO is back, and nearly 10 years after the 2016 The DAO hack, unclaimed ETH is being used to create an Ethereum security fund worth $250 million. Subsequently, Ethereum co-founder Vitalik Buterin issued a statement confirming, “The DAO Security Fund has been officially launched, and more than 75,000 ETH will be used to strengthen Ethereum security.” On June 17, 2016, a breach in The DAO contract resulted in hackers stealing approximately 3.6 million ETH, which eventually led to an Ethereum hard fork, resulting in two chains, ETH and ETC.

ETH-7,14%

ETC-5,85%

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