SecondFi has reported a serious security breach involving a flaw in its wallet generation software, which allowed attackers to drain approximately $2.4 million in ADA from 374 addresses.
The company identified the issue as an address-level problem and acted swiftly to secure an additional 129 million ADA, preventing further losses.
As the situation develops, SecondFi is working on a recovery plan and aims to return the lost funds to affected users within two weeks.
Updates
Update at 23:10 UTC on 2026-06-27
The Block reported An exploit drained about $2.4 million in ADA from 374 addresses over three days through a flaw in SecondFi's wallet-generation software.
Sources: The Block