Ethereum Foundation launches $1 million crypto security subsidy, providing access to over 20 audit firms

The Ethereum Foundation has initiated a $1 million security subsidy program, in partnership with advisory firm Areta, to help blockchain developers afford crucial security audits. This program provides access to a marketplace of approximately 20 professional audit firms. The foundation aims to make these essential audits more accessible, thereby strengthening the Ethereum ecosystem. Selected projects can receive funding to cover up to 30% of their audit costs, with new cohorts of applicants being chosen monthly. The initiative specifically supports projects committed to censorship resistance, open source, privacy, and security (CROPs), aligning with the foundation's recent emphasis on these values. Other organizations like Chainlink and Nethermind are involved in vetting applicants, and firms such as Blocksec, Hacken, and Quantstamp are participating as audit providers. This effort follows similar security initiatives, including a $1 million subsidy program for Solana developers and a broader "Trillion-Dollar Security" initiative by the Ethereum Foundation.

(Source：The Block)