SecondFi loses $2.4 million in Cardano wallet exploit (opens original article in a new tab)

SecondFi confirmed three external attacks drained 16 million ADA ($2.4 million) from 374 wallets via a flaw in its proprietary wallet generation software; a patch has been rolled out for unaffected users. The team rescued a further 129 million ADA before attackers could reach it, routing funds to a third-party custodian.

• SecondFi confirmed three external attacks drained 16 million ADA ($2.4 million) from 374 wallets via a flaw in its proprietary wallet generation software
• A patch has been rolled out for unaffected users and 129 million ADA was rescued before attackers could reach it
• Users cannot protect themselves by moving their seed phrase to another wallet as the vulnerability activates at the address level when a transaction is signed