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SecondFi Exploit Drains 16 Million ADA as EMURGO Sets Roughly Two-Week Recovery Timeline

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2026-06-27 23:35:28
EMURGO said it has identified a recovery path for SecondFi users after an exploit drained about $2.4 million worth of ADA. According to NS3.AI, EMURGO CEO Phillip Pon said the recovery timeline is roughly two weeks.

SecondFi said external attackers took about 16 million ADA from 374 addresses. EMURGO did not provide additional details in the statement beyond outlining the recovery plan and expected timeline.
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