coin-img-ETHETH-2.02%coin-img-BTCBTC-0.81%coin-img-SOLSOL-1.32%coin-img-XRPXRP-0.89%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-4.87%coin-img-TRXTRX-0.78%coin-img-DOGEDOGE-2.49%coin-img-ETHETH-2.02%coin-img-BTCBTC-0.81%coin-img-SOLSOL-1.32%coin-img-XRPXRP-0.89%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-4.87%coin-img-TRXTRX-0.78%coin-img-DOGEDOGE-2.49%coin-img-ETHETH-2.02%coin-img-BTCBTC-0.81%coin-img-SOLSOL-1.32%coin-img-XRPXRP-0.89%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-4.87%coin-img-TRXTRX-0.78%coin-img-DOGEDOGE-2.49%coin-img-ETHETH-2.02%coin-img-BTCBTC-0.81%coin-img-SOLSOL-1.32%coin-img-XRPXRP-0.89%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE-4.87%coin-img-TRXTRX-0.78%coin-img-DOGEDOGE-2.49%

SecondFi Hack May Top $20 Million in Losses

ChainThink said June 24 that Cardano ecosystem project SecondFi, citing its social media updates, has identified the root cause of its recent security incident as a flaw in its Cardano wallet-generation software. SecondFi said it has completed on-chain analysis to gauge the scope of the damage and is working with a blockchain security firm on an independent technical review. The team currently estimates total impact at about 16 million ADA and said it is still resolving related operational issues. SlowMist founder Yu Xian said that, based on the attacker address's fund movements, SecondFi users' theoretical losses could exceed $20 million, involving more than 129 million ADA and other stolen tokens.
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