Crypto wallet SecondFi is shutting down after a major hack that stole 16 million ADA—worth $2.4 million—from over 300 wallets, exploiting a software flaw that exposed private keys on the blockchain. The main Cardano network and hardware wallet users were unaffected. Investigators suspect a highly skilled attacker, possibly linked to North Korea’s Lazarus Group, while a second attacker targeted other wallets simultaneously. SecondFi plans to release tools next month to help users withdraw remaining funds and is working on asset recovery with EMURGO’s financial support, though no timeline is set. This incident underscores the critical need for security in the crypto space.
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