SecondFi Completes Refund Snapshot for Wallets Impacted by Recent Cardano Exploit

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Charles Hoskinson Explores Zero-Knowledge Wallet Recovery to Remove Seed Phrase Risks: a fresh look at Cardano ZK wallet recovery, market context, key risk

The incident underscores the critical need for rigorous security audits in crypto wallet software to prevent similar vulnerabilities and losses. The post SecondFi targets two-week recovery after Cardano wallet exploit drained $2.4M in ADA appeared first on Crypto Briefing.

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

SecondFi suspended services after a wallet-generation flaw reportedly compromised ADA wallets, but validators stressed the Cardano protocol itself was not hacked.

Hoskinson is testing zero-knowledge proofs for secure Cardano wallet recovery without exposing seed phrases. The proposed smart contract releases ADA only after cryptographic ownership verification succeeds. Cardano continues expanding wallet security through experimental self-custody recovery technologies. Charles Hoskinson, Cardano founder, has started testing a zero-knowledge wallet recovery system designed to improve self-custody security across the […] The post Charles Hoskinson Begins Testing Zero-Knowledge Wallet Recovery for Cardano appeared first on Live Bitcoin News.

Cardano became one of crypto's most discussed assets, accounting for 0.33% of all crypto-related online discussions recently.