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Home/News/SecondFi aims to return stolen Cardano funds within two weeks after $2.4M exploit
Cointelegraph·6h ago·negative

SecondFi aims to return stolen Cardano funds within two weeks after $2.4M exploit

Cardano wallet SecondFi says it will begin returning assets to victims of a $2.4 million exploit in about two weeks, after completing forensic investigations and building a recovery solution. The company also warned users about scammers impersonating the wallet during the recovery process.

  • 16 million ADA ($2.4M) stolen from 374 addresses in Tuesday's exploit
  • Emurgo CEO says recovery solution will be built this week, tested next week
  • 129 million ADA secured via emergency measures and moved to third-party custodian
  • SecondFi warns users about fraudulent messages impersonating the wallet
  • No post-mortem has been published yet detailing the vulnerability
securityscamsImpact 5/10
Why our editor rated this negative

A wallet exploit stole $2.4M from Cardano users, which is negative. However, the team has identified a recovery path and secured additional funds, which is a positive response. Overall still negative due to the breach itself.

Read the full story at Cointelegraph

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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