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SecondFi targets two-week recovery after wallet breach

SecondFi targets two-week recovery after wallet breach

  • SecondFi said it expects to restore funds to users affected by a wallet vulnerability within approximately two weeks.
  • Attackers stole about 16 million Cardano (CRYPTO:ADA), worth around US$2.4 million, from 374 wallet addresses, while emergency measures secured an additional 129 million ADA.
  • The company has completed forensic investigations and security reviews and is building a recovery mechanism before returning assets.

SecondFi, the Cardano (CRYPTO:ADA)-based self-custody wallet formerly known as Yoroi and developed by Emurgo, said it expects to restore assets lost in a late June 2026 security incident within approximately two weeks after completing technical and security checks.

The breach resulted from a vulnerability in SecondFi’s…

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