DAO hack anniversary spawns Ethereum security fund

Ten years ago, a massive exploit drained millions of ETH from The DAO, a pivotal event that led to the Ethereum hard fork creating Ethereum Classic. Now, The DAO has been re-established as an Ethereum security endowment. This new fund manages over 75,000 ETH in unclaimed assets, currently valued at approximately $130 million. While the fund aims to bolster security, some experts suggest it might be addressing past risks rather than current threats within the evolving digital asset landscape.