Key members of the Ethereum team have revived the project TheDAO, which was hacked in 2017, to support the network.
TheDAO is back. BULLISH
A decade later, we’re opening a new chapter.
TheDAO Security Fund: activating 75,000+ ETH to strengthen Ethereum security.https://t.co/VV3cH313TE pic.twitter.com/1Sf3g7xUWv
— thedao.fund (@thedaofund) January 29, 2026
“TheDAO is back. […] A decade later, we’re opening a new chapter,” the publication states.
According to the initiative, the organization is being repurposed into a blockchain security fund worth $220 million. It will be financed by approximately 75,000 ETH left unclaimed since the attack.
About $13.5 million will be allocated for grants to third-party developers. Distribution will occur through DAO mechanisms.
The remaining amount will be directed into staking. It is expected that the lock-up will yield approximately $8 million annually at the current ETH rate.
TheDAO fund manages assets from two sources:
- ~70,500 ETH from the ExtraBalance contract, whose participants can claim a portion of the assets;
- ~4,600 ETH (DAO and ETH) from the TheDAO Curator Multisig multisig wallet.
New curators of the project include some core Ethereum developers, including Vitalik Buterin, and members of other teams.
“The goal of TheDAO fund is to make Ethereum so secure that it is more advantageous to store your savings in a DeFi protocol than in a bank,” representatives of the organization concluded.
Earlier in January, amid low fees, activity on the Ethereum mainnet surpassed that of layer-two solutions.