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SecondFi: The complexity of on-chain recovery solutions exceeds expectations, and the recovery time may exceed two weeks.

MeNews
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ME News reported that on June 30 (UTC+8), Cardano wallet service provider SecondFi released an update on the recovery progress of a security incident, stating that EMURGO has established an asset recovery fund to return assets to users affected by the attack. SecondFi stated that it has already protected and restored access to some assets through emergency rescue measures, and the team is discussing appropriate custody mechanisms with Intersect to ensure the safe return of relevant assets to users. In addition, SecondFi is collaborating with the Cardano community-led working group to advance on-chain recovery solutions. Due to the recovery solution being more complex than previously anticipated, the overall recovery time may exceed the initially estimated two weeks. (Source: ODAILY)
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