#EthereumSecurityInitiative According to Foresight News, the Ethereum Foundation has announced the launch of a "trillion-dollar security initiative" aimed at enhancing the security of the Ethereum protocol by funding research, development, and audits. Initially, the project will be co-chaired by Fredrik Svantes, the head of protocol security, and Josh Stark from the EF management team.

The initiative will support security improvements for key clients, formal verification, fuzz testing, bug bounty programs, and community security training. The foundation emphasized the importance of ensuring the reliability and resilience of the protocol against attacks as the Ethereum ecosystem continues to expand.