SecondFi says forensic investigations into a $2.4 million Cardano wallet exploit are complete. Users could begin receiving recovered assets in about two weeks.
SecondFi reported that its forensic investigations into last week's exploit have finished. The company stated users may start receiving recovered assets within roughly two weeks.
The incident affected a Cardano wallet and resulted in $2.4 million in losses. No further details on the cause or responsible parties were provided.
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SecondFi, the Cardano wallet formerly known as Yoroi, confirmed losses of 16 million ADA worth about 2.4 million dollars from 374 user wallets in three attacks. The firm secured an additional 129 million ADA before further drains occurred. A flaw in its proprietary wallet generation software caused the breach.
Solana-based Drift Protocol has outlined a plan to repay users following a $295 million exploit linked to North Korean hackers. The lending platform proposes tokenized claims and a revenue-backed recovery pool to cover losses. Drift is working with law enforcement to trace and recover the stolen funds.
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Thorchain confirmed a suspected multichain exploit on May 15 that drained about $10 million from users across several networks. The protocol activated emergency halts and has now launched a recovery portal for affected wallets.
European stablecoin issuer StablR has frozen operations for its USDR and EURR tokens following a cyberattack that left the assets under-collateralized.
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Thorchain suspended trading for about 12 hours after blockchain researcher ZachXBT flagged a suspected $10 million exploit across multiple networks. The liquidity protocol took the action following the alert on a potential breach. Its native RUNE token fell by double digits in response.