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Deep Tide TechFlow News. On June 24, the Cardano ecosystem project SecondFi said that the root cause of a recent security incident has been identified as a problem with its self-developed Cardano wallet generation software. The team said it has completed on-chain analysis to assess the impacted scope and is currently working with a blockchain security company to conduct an independent technical assessment, with an initial estimate that the overall impact is approximately 16 million ADA.
In response, Yu Xian, founder of MistTrack, said that based on the flow of funds and the behavior of the hacker’s address, the actual losses for SecondFi users could theoretically exceed $20 million, involving more than 129 million ADA and other tokens.