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SlowMist Cosine: SecondFi user losses may exceed $20 million
June 24, 2026
CoinFeed News
CoinFeed, June 24 – In response to the recent security incident involving the Cardano ecosystem project SecondFi, SlowMist founder Cosine posted: "I'm actually quite unfamiliar with the Cardano ecosystem. I was observing it all last night, but if the addresses starting with addr1q and the addresses starting with addr1q are all hacker addresses (based on their behavior, they should be), SecondFi user losses should exceed $20 million (more than 129 million ADA and other tokens stolen)." Previously, SecondFi disclosed that its security incident affected approximately 16 million ADA, with the issue originating from web wallet generation software.