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EMURGO announces that SecondFi, the Cardano wallet hacked, will permanently cease operations.

MarsBitNews
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Mars Finance News, EMURGO, the founding entity of Cardano, stated on Monday that the hacked wallet service SecondFi will not resume normal operations even after the security audit is completed, requiring all users to migrate assets through the official recovery process. SecondFi is a rebranded version of the Yoroi wallet, referred to by EMURGO as the largest wallet provider for Cardano. According to EMURGO's incident report on June 25, the service suffered four separate wallet theft incidents on June 22, with 374 addresses compromised and approximately 16 million ADA (worth about $2.4 million at the time) stolen. The team also secured approximately 129 million ADA through emergency measures. EMURGO stated that the compromised wallets should be considered permanently exposed at the address and private key level, and restoring compromised seed phrases to other wallets cannot eliminate the risk. EMURGO plans to launch an isolated wallet status check tool this week, followed by a secure export tool and an in-person migration workshop in Tokyo, and is establishing a dedicated restoration fund for the on-chain recovery system. Assets will be returned to affected users after the external audit is completed.
ADA-2.60%
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