From 2016 hack to $150M Endowment: the DAO’s second act focuses on Ethereum security

"Following the significant hack that occurred in 2016, which raised serious concerns about the vulnerabilities within decentralized autonomous organizations (DAOs), the organization has now embarked on a transformative journey. With a remarkable endowment of $150 million, the DAO's second act is dedicated to enhancing security measures on the Ethereum blockchain. This initiative aims to fortify the integrity of smart contracts and protect the investments and assets of its users, ensuring a more robust and secure infrastructure for future generations of decentralized applications." source: https://www.coindesk.com/tech/2026/02/18/from-2016-hack-to-usd150m-endowment-the-dao-s-second-act-focuses-on-ethereum-security