Cardano wallets lose $2.4M in SecondFi self-custody exploit
By
Jacob Lyon
Summary
SecondFi, a self-described "neofinance" platform, suffered an exploit targeting its wallet generation software, resulting in the theft of roughly 16 million ADA ($2.4 million) from Cardano wallets. The company alerted users on X, stated the issue was contained, and placed services into maintenance mode. However, SecondFi warned it may not be able to compensate all affected users.
Source
bskyCardano wallets lose $2.4M in SecondFi self-custody exploitprotos.comKey quotes
· 3 pulledSecondFi first alerted its followers to the incident this morning on X, claiming that it had detected a security issue that impacted a small number of Cardano wallets on its platform.
It said that it had contained the issue and that, as a precaution, its services would be temporarily placed into maintenance mode and that it would pause all front-end interactions.
SecondFi revealed that a small number of Cardano wallets were drained but warned that it might not be able to make every affected user whole.
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