News linked to both this project and an event.
According to CoinDesk, the Cardano wallet SecondFi was attacked due to a vulnerability in its transaction signing software. A total of 16.1 million ADA (approximately $2.4 million) across 374 wallets was stolen, and the platform has announced permanent closure. The vulnerability allowed attackers to derive private keys from transaction data visible on-chain. The Cardano network itself was not affected, nor were hardware wallet users. An investigation by Groom Lake, a blockchain intelligence company hired by EMURGO, revealed that the primary attackers were sophisticated and well-funded. Some indications point to North Korea's Lazarus Group, but this has not yet been officially confirmed. SecondFi plans to release a wallet export tool in early August and launch a zero-knowledge recovery portal later in the month. EMURGO has established an asset recovery wallet, with the specific distribution time to be determined.
Cardano ecosystem wallet SecondFi announced that due to a cryptographic defect in its wallet software, approximately 16.1 million ADA (worth around $2.6 million) were stolen. The platform will gradually shut down the SecondFi and Yoroi wallet services. This incident has affected 374 wallets. SecondFi stated that an independent investigation by blockchain intelligence agency Groom Lake identified the attackers as a sophisticated external actor and found indicators potentially linked to North Korea's Lazarus Group, though attribution has not yet been confirmed. SecondFi is developing a recovery tool based on zero-knowledge proofs to help affected users recover assets while limiting the information that needs to be shared. The tool is still being tested and will undergo third-party audits before its planned release in August. SecondFi is also preparing a wallet export feature to allow users to migrate their assets to other services. The platform has not announced a direct compensation plan, nor has it indicated whether it will use its own funds to compensate users.
the Midnight Foundation has provided an update on the handling of the cross-chain bridge attack event involving Wanchain Cardano and BNB. Multiple exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate, and MEXC have coordinated risk control actions, temporarily freezing the involved accounts and associated addresses, adding the hacker wallet to a blacklist, and pausing NIGHT token deposits and withdrawals as needed to curb the transfer and cashing out of stolen assets.The Foundation specifically noted that this security incident is an isolated incident related to a third-party cross-chain bridge, and the Midnight mainnet and native NIGHT assets have not been affected. The project team continues to collaborate with major exchanges and ecosystem partners to advance traceability investigations, reminding the community to rely on official disclosures for information and to be cautious of misinformation.
the Cardano Foundation stated it has exchanged insights with the Volvo Group on the application of blockchain technology in the manufacturing industry. Ivan Branco, responsible for information management, artificial intelligence, and data analytics for Volvo Group’s Belgian truck operations, stated that Volvo once created a proprietary cryptocurrency to internally test the supplier payment process.Ivan Branco believes that while the relevant technology is already usable, organizational culture has yet to catch up, which is more challenging to address than the technical issues. He also noted that supply chain compliance is a significant application scenario for blockchain. Shared ledgers among suppliers can enhance the transparency of component origins and reduce compliance risks associated with using parts from sanctioned countries.
Odaily, Cardano wallet service provider SecondFi has launched an asset recovery wallet check tool, allowing users to preliminarily check whether their relevant wallets have been affected by the previous security incident.SecondFi stated that the addresses currently displayed in the tool are based on the team's preliminary review data of the security incident and are not final. The list may not be complete and does not represent the final scope of recovery.
Odaily, Cardano wallet service provider SecondFi has released an update on the security incident, stating that the team has completed the final balance snapshot of affected user assets. Several rounds of snapshots were continuously recorded during the incident response period to serve as the basis for subsequent asset recovery and reconciliation. SecondFi stated that the engineering and security teams are advancing the asset recovery plan. It is estimated that asset repayment can begin in approximately two weeks — one week allocated for finalizing a viable technical solution and another week for testing and review. The specific timeline may be subject to minor adjustments as progress unfolds. The platform will resume operations only after passing a comprehensive security review. Currently, users only need to submit a support request via the official website's ticketing system, with no additional action required.
Kraken has announced plans to launch its first perpetual futures product regulated by the U.S. Commodity Futures Trading Commission (CFTC) in the U.S. market within the next 30 days.Eligible U.S. clients will be able to trade perpetual futures on digital assets including BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC, and AVAX through Kraken Pro. Kraken stated that it will gradually expand contract types and product features in the future, as well as provide more collateral options.It is reported that the perpetual futures on Kraken Pro are provided by NinjaTrader Clearing, LLC (operating as Kraken Derivatives US), which is a CFTC-registered Futures Commission Merchant. The related spot margined and perpetual futures products will be available on the Bitnomial Exchange, a CFTC-regulated exchange that was recently acquired by Payward, Kraken's parent company.
CME Group announced plans to launch Nasdaq CME Crypto Index futures on June 8, 2026, subject to regulatory review. This will be its first market-cap-weighted futures contract, offered in both micro and standard sizes, and cash-settled. Final settlement will be based on the Nasdaq CME Crypto Settlement Price Index, which measures the performance of the largest and most actively traded cryptocurrencies by market capitalization—currently including BTC, ETH, SOL, XRP, ADA, LINK, and XLM.
CME Group announced plans to launch Nasdaq CME Cryptocurrency Index Futures on June 8, pending regulatory review. The Nasdaq CME Cryptocurrency Index Futures will be the company’s first market-capitalization-weighted futures contract and will be available in both micro and standard contract sizes. These contracts will provide market participants with a capital-efficient way to gain exposure to the top-ranked cryptocurrencies by market capitalization through a single financially settled futures contract. At expiration, the Nasdaq CME Cryptocurrency Index Futures will settle against the Nasdaq CME Cryptocurrency Settlement Price Index, which measures the performance of the most actively traded and liquid cryptocurrencies. As of May 14, the index includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens (XLM).
Odaily, Cardano founder Charles Hoskinson stated when discussing the removal of Section 604 of the CLARITY Act that this provision could subject open source developers to long-term legal liability for others' use of their code. He pointed out that once developers publish open source software, even if someone subsequently misuses the code without consent, the developer could still be held permanently accountable, calling this a serious threat to the open source innovation environment.
Grayscale submitted the first application for a Zcash spot ETF on May 8.ZEC’s price once touched $600, pushing its market cap into the top 15 and surpassing Cardano. Multicoin Capital co-founder Tushar Jain noted that this move is driven by growing demand for privacy assets amid U.S. wealth tax legislative proposals. The SEC concluded its review of Zcash in January 2026 without taking enforcement action. Data shows that approximately 30% of ZEC’s supply is held in shielded addresses. Last week, U.S. Bitcoin spot ETFs saw $268 million in outflows, with some capital rotating into privacy and AI infrastructure tokens.
According to Crowdfund Insider, digital asset management firm Grayscale Investments plans to launch an exchange-traded fund (ETF) focused on Cardano (ADA) by the end of 2026. The product is expected to trade under the ticker symbol GADA and would convert Grayscale’s existing Cardano Trust into a listed ETF—rather than filing a new application. If the relevant regulatory filings take effect by mid-August, the application may enter the U.S. Securities and Exchange Commission’s (SEC) streamlined review process and could begin trading in late October 2026. Grayscale has also recently increased ADA’s weight in its Smart Contract Fund from approximately 17.96% to 18.33%.