EMURGO Says Hacked Cardano Wallet SecondFi Won’t Reopen

EMURGO, the Cardano-founding entity behind SecondFi, said Monday the hacked wallet service will not resume normal operations even after ongoing security audits conclude, telling all users to migrate away using its official recovery process. “Although we believe unaffected users remain safe,… According to The Defiant, emurgo, the cardano-founding entity behind secondfi, said monday the hacked wallet service will not resume normal operations even after ongoing security audits conclude, telling all users to migrate away using its official recovery process. “although we believe unaffected users remain safe,…. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.