July 28, 2026·Bearish·critical issue

SecondFi Shuts Down After $16.1M ADA Exploit

SecondFi is shutting down after losing 16.1 million ADA in a June exploit. Wallet developers, in collaboration with Input Output and the Cardano Foundation, are building the first Web3 compensation tool to return funds to affected users.

Detected & updated continuously · Source: Nebula

Mentioned

@IOGroup

@secondfiapp

Sources

@theblockopedia_

SecondFi is shutting down after losing 16.1M $ADA in a June exploit. The wallet devs, together with Input Output and the Cardano Foundation, are building the first Web3 compensation tool to return funds. No normal service will resume. All resources go to making victims whole. https://t.co/AJSkrQIkIs