SecondFi developer EMURGO stated that it has completed the forensic investigation of the SecondFi wallet security incident, verified wallet balances, and confirmed the asset recovery plan. It is expected that the process of returning assets to affected users will begin within approximately two weeks, with the first week dedicated to developing the recovery mechanism and the subsequent week for testing. EMURGO reminds users not to migrate assets on their own or take actions outside of official guidance, and stated that no recovery process requiring user participation has been initiated yet, nor will it ask users to provide private keys, seed phrases, or wallet access permissions. Previously, the SecondFi wallet was attacked from June 21 to 23 due to a vulnerability in the wallet generation software, resulting in the theft of approximately 16 million ADA (about $2.4 million) from 374 addresses. (The Block)

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GateUser-8947c5ff
· 4h ago
The two-week return cycle is still reasonable—at least it’s better than some projects dragging on for half a year. However, with one week each for development and testing, the timeline is a bit tight; hopefully it won’t miss the deadline.
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GateUser-26f91b48
· 4h ago
16 million ADA gone just like that; this kind of low-level error from a software vulnerability really deserves criticism. Now I just hope the refund goes smoothly and there aren't any more surprises.
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