SlowMist Yu Xian: Stolen funds from SecondFi may exceed $20 million

SecondFi, a Cardano ecosystem project, stated that the root cause of the recent security incident has been identified as an issue with its in-house Cardano wallet generation software. The team said it has completed on-chain analysis to assess the scope of impact and is currently collaborating with a blockchain security firm for an independent technical assessment. A preliminary estimate of the total impact is approximately 16 million ADA.