SecondFi Identifies Root Cause of Security Breach, 16M ADA Lost from 374 Addresses

ADA-1.30%
According to Foresight News, Cardano ecosystem project SecondFi identified the root cause of recent security incidents and deployed patches for unaffected wallets. The attacks resulted in four fund transfer events; three were attributed to external attackers, with approximately 16 million ADA transferred from 374 addresses. To prevent further losses during the ongoing attacks, SecondFi transferred approximately 129 million ADA to an independent third-party custodian and engaged external auditors to verify and return assets to affected addresses. Affected users can now submit compensation claims.
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