SecondFi: The root cause of the four asset loss incidents has been identified, and affected users can submit compensation claims.

Foresight News reported that Cardano ecosystem project SecondFi stated it has identified the root cause of the recent security incident and deployed a patch for unaffected wallets, with normal operations resuming soon. SecondFi disclosed that there were a total of four incidents in which funds were transferred out, three of which were carried out by external attackers, resulting in approximately 16 million ADA being transferred from 374 addresses. To minimize further losses during the sustained attacks, SecondFi initiated an emergency transfer, moving about 129 million ADA to an independent third-party custodian for safekeeping, and hired an external accounting firm to conduct a special audit in order to verify and return assets to affected addresses.

Foresight News had previously reported that Cardano ecosystem project SecondFi released an update on its investigation into the recent security incident, confirming that the issue originated from its native Cardano Web wallet generation software, and the impact was limited to that component.

Regarding this security incident, SlowMist founder Cosine stated, "I'm actually quite unfamiliar with the Cardano ecosystem, but I observed it last night. If both addr1q addresses are hacker addresses (which is likely based on their behavior), SecondFi's user losses should exceed $20 million (over 129 million ADA and other tokens stolen)."