SecondFi Exploit Sparks $20M Loss Fears Across ADA

1 month ago 25

Rommie Analytics

Key Takeaways:

  • Certain Cardano wallets have been compromised in a wallet-level incident, said SecondFi.
  • The staff of the team advised users to not enter recovery phrases into other Cardano wallets as there is still a risk at the address level.
  • Security researchers believe the losses could reach over $20 million, making it one of the biggest wallet-related incidents on Cardano in history.