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Parent event 01
SecondFi discloses security incident
SecondFi confirms a security breach, states root cause is isolated, and moves platform into secure maintenance mode.
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Cardano Wallet Security Incident: SecondFi (Yoroi) Exploit
A security incident involving the SecondFi wallet (formerly Yoroi) on Cardano led to unauthorized draining of approximately 16M ADA from 374 addresses. The Cardano network itself was not compromised, and emergency measures secured 129M ADA for return to affected users.
Heat
113
Confidence
95%
Evidence
8
Updated
Why It Happened
The SecondFi wallet, a rebranded version of Yoroi developed by Emurgo, had a vulnerability that exposed seed phrases, allowing attackers to drain funds. The incident was detected and partially mitigated through a white hat intervention.
Outcome So Far
Approximately 129M ADA was rescued and is being returned to affected users via a claims process. The remaining 16M ADA is considered lost. Investigations are ongoing.
Actors
SecondFiSelf-custodial card. Spend anywhere Visa works.SecondFi is a neofinance platform on Cardano that suffered an exploit draining $2.4 million from wallets due to a vulnerability in its wallet generation software.
EMEMURGOBuilding the Cardano ecosystem.
EMURGO is a blockchain technology company that co-founded the Cardano protocol and develops solutions for the Cardano ecosystem.
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Parent event 02
X conversation update
3 related posts from @ItsDave_ADA, @LeaderAlphaNews, @thenarrativedev
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