SecondFi targets 2-week recovery after Cardano wallet exploit

SecondFi says it has completed forensic investigations, taken a final balance snapshot and is preparing to return assets.

Cardano wallet SecondFi has identified a recovery path for users affected by Tuesday's exploit and expects to begin returning assets in about two weeks, following testing and security reviews.

According to a Saturday statement by Phillip Pon, CEO of SecondFi developer Emurgo, the company completed forensic investigations and established a recovery pathway for affected users. Pon said the coming week would be spent building the solution, followed by another week of testing before assets begin to be returned.

Pon urged users to refrain from migrating assets or taking actions outside official guidance, saying the recovery process was designed around existing wallet states and that independent action could complicate the secure return of funds.

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