Exploit

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Illustration of a cryptocurrency wallet hack on SecondFi draining 2.4 million ADA
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SecondFi wallet exploit drains 2.4 million in ADA

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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.

SecondFi says forensic investigations into a $2.4 million Cardano wallet exploit are complete. Users could begin receiving recovered assets in about two weeks.

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