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SecondFi Suspends Services After Private Key Flaw Exposes 16M ADA

GateNews
Security IncidentsExchange Risk
ADA4.17%
According to Blockonomi, SecondFi recently suspended services following a critical flaw in its web-based wallet key-generation software that exposed private keys and led to ADA theft. Initial reports cited 16 million ADA, or roughly $2.4 million, stolen across 374 wallets. Security firm SlowMist later warned the broader impact could exceed 129 million ADA, or more than $20 million in assets. The vulnerability was localized to SecondFi's wallet software, not the Cardano blockchain protocol itself. Affected users were cautioned not to restore compromised seed phrases into other wallets.
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