Some key Ethereum members, including co-founder Vitalik Buterin, are reviving one of the network’s oldest and most symbolic chapters: The DAO (decentralized autonomous organization). More than 70,500 ether ETH $ 2,738.55 that have sat untouched since the 2016 DAO hack — long considered Ethereum’s defining existential crisis — will be redeployed into a roughly $220 million Ethereum security initiative, Unchained reported. According to the report, $13.5 million will be allocated to security grants distributed through DAO-style mechanisms including quadratic funding, retroactive public goods funding, ranked-choice RFPs and other governance processes under a new entity, The DAO Fund. The remaining 69,420 ETH will be staked to generate an endowment for Ethereum security efforts. The 2016 DAO hackThe DAO was an experiment in decentralized governance built on the Ethereum blockchain.