10 Years After the Ethereum 'TheDAO Incident', a ¥32 Billion Security Fund is Established

In 2016, the 'TheDAO incident' shook the very foundations of Ethereum (ETH). A decade later, this negative legacy has taken a dramatic turn, ushering in a new chapter for Ethereum.

After the incident, over 75,000 ETH (worth approximately ¥32 billion), which had remained unclaimed for years, is now being used to establish the 'TheDAO Security Fund'.

TheDAO incident involved the Ethereum-based decentralized investment fund 'TheDAO', which was compromised due to vulnerabilities in its smart contracts, leading to a loss of a third of its pooled funds...