SecondFi says Emurgo funds recovery wallet after attacker moves assets

The team said protected funds remain secure and accessible as it works with IntersectMBO and the Cardano community task force on custody and an on-chain recovery plan that could take more than two weeks.

ADA

Summary

SecondFi said Emurgo has funded a dedicated recovery wallet to return assets moved by the attacker to affected users. The project said assets protected through its emergency response remain secure and accessible, while discussions continue with IntersectMBO on custody and return mechanisms. It is also working with the Cardano community task force on an on-chain recovery plan, a blockchain-based asset recovery process, that may take longer than two weeks.

Terms & Concepts
  • recovery wallet: Dedicated wallet for returning funds
  • on-chain recovery plan: Blockchain-based process to recover assets
  • custody: Control and safekeeping of assets