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SecondFi Launches Streamlined In-App Wallet Claims Process; Security Incident Caused 16M ADA Loss

Security Incidents Project Progress Partnerships & Ecosystem

2026-07-28 02:22:07

ADA0.72%

According to Foresight News, Cardano wallet service provider SecondFi recently launched a streamlined wallet claims submission process within its app, allowing users to submit claims directly without contacting support.

SecondFi confirmed that the recent security incident stemmed from a vulnerability in its native Cardano Web wallet generation software, with impacts limited to that component. The incident resulted in approximately 16 million ADA (about $2.4 million) in losses.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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