SecondFi traces Cardano wallet exploit to address-level issue

Cardano wallet SecondFi traced the incident to an address-level issue and secured 129 million ADA after attackers drained funds from 374 addresses.

A vulnerability in Cardano-based wallet SecondFi allowed attackers to drain user funds, resulting in major losses.

SecondFi on Wednesday confirmed it had identified the root cause of the exploit and is now engaging with Cardano ecosystem platforms and blockchain investigators to address the issue.

The company also said it triggered emergency measures that secured roughly 129 million ADA, which is being transferred to an independent third-party custodian and held for affected users pending verification.

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