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SecondFi Discloses Extended Recovery Timeline, On-Chain Plan Complexity Exceeds 2-Week Estimate

Security Incidents Project Progress Exchange Risk

2026-06-30 05:01:01

ADA-2.04%

According to Odaily, Cardano wallet service SecondFi disclosed security incident recovery progress, stating EMURGO has established an asset recovery fund to compensate affected users. SecondFi confirmed emergency measures have partially restored access to certain assets, with the team coordinating with Intersect on custody mechanisms to ensure safe asset returns.

The on-chain recovery plan being developed with Cardano community workgroups has proven more complex than initially anticipated. As a result, the overall recovery timeline is now expected to exceed the originally estimated two weeks.

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SecondFi Announces Recovery Plan After $2.4M Cardano Wallet Breach

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