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SlowMist: SecondFi stolen funds may exceed $20 million

MarsBitNews
Mars Finance News: On June 24, the Cardano ecosystem project SecondFi posted on social media that the team has found the root cause of the recent security incident. The issue lies in its own Cardano network wallet generation software. The team has completed on-chain analysis to determine the scope of the impact. It is currently working with a leading blockchain security company to conduct an independent technical assessment to verify the findings. The estimated overall impact is approximately 16 million ADA. The team is still working to address the related operational issues and has pledged to continue supporting affected users. In response, Yu Xian, founder of SlowMist, said that based on the funds in the hacker’s address from observed behavior, SecondFi users’ losses should theoretically exceed $20 million (more than 129 million ADA and other tokens stolen).
ADA-3.07%
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