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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