Ethereum resurrects 220 million USD from the past to protect the future
Can you believe it, the forgotten ETH from the shocking The DAO hack 10 years ago has now become a "treasure chest" protecting us. About 75,000 ETH (equivalent to 220 million USD) is being reallocated to establish a security fund for the ecosystem. That's how it is, instead of letting this money sit idle in old contracts, the community decided to stake it to earn interest for auditing projects and incident response. #Colecolen
This is an extremely positive signal. It shows that Ethereum not only knows how to face mistakes but also turns the most painful failures into sustainable resources. Having Vitalik Buterin as part of the fund's governance increases credibility tremendously. For those holding ETH, the network becoming safer thanks to this self-sustaining capital will be a solid stepping stone to attract capital flows from major financial institutions. An ecosystem that knows how to protect itself is one worth our long-term commitment. $ETH
