SecondFi, a Cardano wallet service provider, said it has identified the root cause of a recent security incident, deployed patches for unaffected wallets, and will soon resume normal operations. According to PANews, SecondFi reported four unauthorized fund transfer incidents, three of which were carried out by external attackers, resulting in about 16 million ADA being moved from 374 addresses.
To reduce further losses during the ongoing attacks, SecondFi initiated an emergency transfer of about 129 million ADA to an independent third-party custodian for safekeeping. The company also said it has hired an external accounting firm to conduct a special audit to support later reconciliation and the return of assets to affected addresses.
SecondFi Says It Identified Root Cause of Security Incident Affecting 374 Cardano Addresses
2026-06-24 10:05:19
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