Ethereum Foundation Launches $1M Audit Fund to Boost Blockchain Security

ETH-0,79%

Gate News message, April 15 — The Ethereum Foundation launched the Ethereum Security Subsidy Program yesterday (April 14), committing $1 million to help mainnet builders cover professional smart contract audit costs.

More than 20 audit firms, including Certora, Zellic, Immunefi, and Quantstamp, joined the Areta marketplace to deliver competitive quotes, with subsidies covering up to 30% of total costs. Projects apply through Areta Market and are reviewed monthly by a committee; approved teams receive the subsidy and can request quotes from multiple auditors.

The program falls under the Foundation’s Trillion Dollar Security Initiative and is open to all Ethereum mainnet teams, with priority given to projects aligned with the CROPS framework (censorship resistance, open source, privacy, and security). The initiative aims to reduce security risks across the developer ecosystem, as high audit costs—typically ranging from $50K to $500K—have been a key barrier to preventative security measures.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

ETH breaks through 2350 USDT

Gate News bot message, the Gate market shows that ETH has broken through 2350 USDT, current price is 2351.81 USDT.

CryptoRadar2h ago

Ethereum Korea Consortium Launches to Build Collaborative Blockchain Ecosystem

The Ethereum Korea Consortium launched on April 16 to shift South Korea's Ethereum focus from consumption to contributions, addressing challenges like market structure and regulatory issues. The initiative aims to enhance development and create a supportive ecosystem.

GateNews3h ago

Traditional Brokerage to Launch Spot Bitcoin and Ethereum Trading in Coming Weeks at 0.75% Fee

A traditional brokerage is set to launch spot cryptocurrency trading for retail clients, offering Bitcoin and Ethereum access. The service will include multiple trading platforms, a 0.75% fee, and additional crypto assets planned for the future, reflecting a trend of traditional finance entering the crypto space.

GateNews3h ago

ETH rises 0.65% in 15 minutes: spot buying led to net capital inflows

Between 2026-04-16 15:00 and 15:15 (UTC), the ETH price recorded a +0.65% return. The highest price in the range was 2330.16 USDT, while the lowest was 2308.58 USDT, with a swing of 0.93%. The short-term rally immediately drew market attention, increasing capital activity; volatility remained moderately elevated, characterized by strengthening spot buying power. The main driving force behind this unusual move is that buy orders in the spot markets of major trading platforms continued to dominate. Within 15 minutes, the buy volume accounted for 58%–59%, and the total buy volume was about 2.2K–2.6K ETH

GateNews6h ago

Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 16

Gate News message, according to the April 16 update, Bitcoin ETFs recorded a 1-day net inflow of +2,855 BTC (+$209.95M) and a 7-day net inflow of +11,849 BTC (+$871.52M). Ethereum ETFs showed a 1-day net inflow of +15,477 ETH (+$35.44M) and a 7-day net inflow of +90,366 ETH (+$206.94M). Solana ETFs

GateNews7h ago

Ethereum Foundation Announces ETH Rangers Project Results: Over $5.8M in Recovered or Frozen Assets

The Ethereum Foundation's ETH Rangers project has successfully completed, funding 17 researchers to enhance public security in the ecosystem. Achievements include recovering $5.8M in assets, identifying over 785 vulnerabilities, and developing several security tools.

GateNews7h ago
Comment
0/400
No comments