Cardano wallet provider SecondFi said it has launched a wallet migration tool inside its app for users who still hold Cardano-based assets. The tool lets users move the full balance of their current Cardano wallet, including ADA, native tokens, and NFTs, to a newly created Cardano wallet address. The update comes as SecondFi is shutting down, and the team advised all users with remaining balances to complete the migration. For wallets affected in the incident, users will need to wait for an asset recovery tool that is expected to go live in September. SecondFi said completing the migration will not affect any claim. The company also noted that if ADA is currently staked, the migration process will automatically unstake it, and users will need to delegate again to a DRep from the new wallet. Assets outside the Cardano network are not covered by this tool and must be moved separately.
Cardano wallet provider SecondFi said on X that its wallet migration tool is now live in the app.
The tool is designed for users who still hold Cardano assets and allows them to move the entire balance from their current wallet to a newly created Cardano wallet address. That includes ADA, native tokens, and NFTs.
SecondFi is in the process of shutting down, and the team advised all users with remaining balances to migrate their funds. Users whose wallets were affected in the incident will need to wait for an asset recovery tool that is expected in September. SecondFi said the migration process will not affect claims.
The team added that if ADA is staked during migration, it will be automatically unstaked. Users will then need to delegate again to a DRep from the new wallet. Non-Cardano assets must be transferred separately.
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