SecondFi: 374 addresses lost about 16 million ADA, affected users can submit compensation claims

CoinFeed reported on June 24 that Cardano wallet service provider SecondFi stated it has identified the root cause of the recent security incident and deployed patches for unaffected wallets, and is about to resume normal operations. SecondFi disclosed that there were four fund transfer events in total, three of which were carried out by external attackers, resulting in approximately 16 million ADA being transferred out from 374 addresses. To reduce further losses during the ongoing attack, SecondFi initiated an emergency transfer, moving about 129 million ADA to an independent third-party custodian for safekeeping, and hired an external accounting firm to conduct a special audit for subsequent reconciliation and return of assets to affected addresses.