Cardano wallet provider SecondFi provides an update on the security incident recovery. EMURGO has established an asset recovery fund to return assets to affected users. Emergency measures have protected partial assets; the team is discussing custody mechanisms with Intersect. The on-chain recovery solution is more complex than expected, potentially extending beyond the initial 2-week estimate. Users are advised to monitor official channels for updates.
SecondFi Security Incident Recovery Update
Cardano wallet provider SecondFi has released an update on the progress of its security incident recovery. According to the announcement, EMURGO has established a dedicated asset recovery fund designed to return assets to users impacted by the attack. Through emergency rescue measures, SecondFi has already protected and made accessible a portion of the assets, and the team is currently working with Intersect to determine an appropriate custody mechanism to ensure safe asset retrieval.
Furthermore, the team is collaborating with a Cardano community-led working group to advance the on-chain recovery solution. Due to the technical complexity of this solution — which exceeds earlier estimates — the recovery timeline may exceed the initially anticipated two weeks. Users are encouraged to stay tuned to official updates for the latest information on asset recovery.
(Source: SecondFi Official Tweet)
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