The DAO Returns: From $60M Hack to $150M Ethereum Security Endowment

The DAO, infamous for the 2016 hack that resulted in a $60 million loss and a historic Ethereum hard fork, is making a major comeback. Its community has now approved the creation of a substantial $150 million endowment fund. This new initiative, dubbed "DAO 2.0," will shift its core mission entirely towards enhancing Ethereum network security. The fund is strategically designed to finance critical security research, support developer education, and audit smart contracts on the Ethereum blockchain. This pivot marks a significant redemption story for The DAO, transforming it from a symbol of vulnerability into a dedicated guardian of the ETH ecosystem. The move is widely seen as a substantial, long-term investment in the foundational stability and trustworthiness of the world's leading smart contract platform.