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Unchained

The DAO’s Unclaimed ETH Becomes a $220M Ethereum Security Fund

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 29 January 2026

⏱️ 84 minutes

🧾️ Download transcript

Summary

Thank you to our sponsor, Walrus! Walrus is where the world’s data becomes reliable, valuable, and governable. --- In this exclusive Unchained interview, Griff Green, one of the original DAO curators and a member of the White Hat Group that helped recover funds after the 2016 DAO hack, reveals how tens of thousands of unclaimed ETH are being transformed into a long-term security fund for the Ethereum ecosystem. Nearly ten years after the most infamous exploit in crypto history, the community is repurposing its leftovers, not to rewrite history, but to prevent it from repeating itself. The new DAO Security Fund will deploy grants for Ethereum security research, infrastructure, incident response, and user protection, while also reviving DAO-based governance experiments that have fallen out of favor. Griff explains how the fund will work, why the Ethereum Foundation is involved, how staking will generate sustainable funding, and why, despite Ethereum’s strength, crypto still isn't safe enough for everyday users. Guests: Griff Green, Co-Founder at Giveth, q/acc & Unicorn.eth Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I feel like crypto safety could use a huge boost.

0:03.7

And I'm excited to, you know, coordinate a major effort around that.

0:07.5

I really want to see the Dallas Security Fund help Ethereum come to the place where people feel that it's safer to store assets on Ethereum than in a bank.

0:24.5

Hi. Ethereum than in a bank. Hi, everyone. Welcome to Unchained. You're a no-high resource for all things crypto. I'm

0:28.8

your host, Laura Shin. Thanks for joining this live stream. Before we get started, a quick reminder,

0:34.0

nothing to hear on Unchained is investment advice. This show is for informational and entertainment

0:37.9

purposes only, and my guest and I may hold assets discussed on the show. For more disclosures,

0:42.7

visit Unchainedcripto.com. If you look at most apps today, they depend on quite a complex mesh of

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different infrastructure, a lot of which is centralized. Walrus is a decentralized data platform.

0:56.0

It's particularly good with large, unstructured data files, and it allows you to store and use those

1:03.0

without dependency on any centralized systems.

1:07.0

It works really well as part of the SIE stack.

1:10.0

It was created by Mistin Labs, who are also the originators of that Suis stack.

1:15.6

And what that means is natively together, they allow developers to build with trust, ownership, privacy, baked in right from the beginning.

1:26.6

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1:32.6

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And for extra satisfaction, here's the T's and C's.

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Let's rock.

1:41.6

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Oh, get that's

1:49.0

for offers or rewards.

...

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