Episode
S.10 Ep.11 $170M to Fix Ethereum Security (After Another Major Hack) with Griff Green
- Podcast
- GreenPill
- Published
- Apr 24, 2026
- Duration seconds
- 3214
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Summary
In this episode, Griff Green dives into one of the most urgent challenges in crypto today: Can Ethereum actually become safe enough for everyone? From billion-dollar hacks to AI-driven exploits, security has become the defining bottleneck for the future of decentralized systems. Griff shares lessons from over a decade in crypto from the original DAO hack to leading new efforts like the DAO Security Fund, a $170M initiative designed to fund and coordinate Ethereum security at scale. This conversation explores: • The DAO Security Fund & how it works • Turning Ethereum security into a public good • The recent wave of hacks across DeFi & Web2 • The Arbitrum Security Council decision & North Korea exploit • Why incentives for white hats are broken • AI as both the biggest threat and biggest defense • Coordination vs fragmentation in Ethereum security • Why crypto still isn't safe for normal users • Lessons from the original DAO hack • Quadratic funding & new experiments in capital allocation • The future of public goods funding in Ethereum The core idea: Security isn't just a feature. It's the foundation of everything. If Ethereum can become truly safe, it won't just compete with traditional finance it could replace it. Greenpill isn't just about funding public goods. It's about building systems people can actually trust. greenpill.network @owocki @greenpillnet https://x.com/griffgreen https://x.com/Giveth Some of the materials we mention in the episode: - https://x.com/thedaofund - https://qf.giveth.io/qf/apply - https://qf.giveth.io/qf Timestamps 00:00 – Intro: Greenpill & Griff Green 01:19 – What is the DAO Security Fund? 03:16 – $170M fund & Ethereum security as a public good 04:25 – The current wave of hacks (Web3 + Web2) 05:07 – AI arms race: white hats vs black hats…