SecondFi: Security incident affects about 16 million ADA, issue stems from web wallet generation software

PA一线
PA一线
PANews, June 24 – The Cardano ecosystem project SecondFi has issued a security incident update, stating that the root cause has been identified and the issue is limited to its native Cardano web wallet generation software. Preliminary estimates put the total impact at approximately 16 million ADA (currently worth around $2.42 million). The team has completed on-chain analysis and is conducting an independent technical review with a blockchain security firm to verify the findings. The platform remains in security maintenance mode, and a full snapshot of balances has been taken. For affected users, the team has taken extraordinary measures to protect remaining assets and will work to provide compensation. In addition, SecondFi is collaborating with core ecosystem partners including Input Output Hong Kong (IOG), the Cardano Foundation, IntersectMBO, and SundaeSwap to monitor fund flow nodes on exchanges and minimize the impact on other protocols.
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