The DAO returns after 10 years, pledges $220M to boost Ethereum security

The DAO, the project at the center of the 2016 hack that prompted the hard fork creating Ethereum and Ethereum Classic, has announced its return a decade after the incident. According to DL News, crypto entrepreneur and official spokesperson Griff Green revealed on his blog that The DAO Security Fund plans to deploy over 75,000 ETH to bolster the Ethereum network. The funds, sourced from dormant assets of investors who never reclaimed their ETH post-hack, will be staked to generate yield. These returns will then be reinvested to further enhance ecosystem security, aiming to help establish Ethereum as a core component of global financial infrastructure.