The Locked Ether Collective (LEC) has proposed the Ethereum Fund Recovery Protocol (EFRP) as a solution to assist those who have lost funds due to technical flaws in the Ethereum network. This proposal comes after various incidents highlighted gaps in safety standards within the ecosystem, leading to significant losses for users. Thousands of ETH investors have been impacted by locked or inaccessible wallets stemming from issues like smart contract vulnerabilities and misuse of key functionalities. 598 multi-signature Ethereum (ETH) wallets were frozen in the Parity Wallet Freeze incident in 2017 alone, impacting an estimated 513,743 ETH worth millions of dollars. The LEC, composed of individuals who personally experienced these issues, aims to develop a community-driven and transparent solution that strengthens Ethereum’s governance and resilience for all users facing losses due to technical shortcomings. The EFRP would be implemented using smart contracts and governed by a Technical Council DAO, designed to balance immutability, fairness, and accountability.