- SecondFi launched a recovery portal for victims of its $21 million Cardano wallet hack, but will only pay roughly $8 per unrecoverable NFT.
- Victims must verify via an “incident snapshot” taken in June 2026, though the firm warns the final amount may differ.
- Unrecoverable NFTs will be compensated with a fixed 30 ADA ($7.60), and affected users must provide a new Cardano wallet address.
- The portal was repeatedly delayed from August through September, and its guide dangerously advises typing private recovery phrases into the webpage.
- A mysterious white hat Hacker also took $18.5 million during the same incident, and SecondFi is winding down operations to focus on recovery.
SecondFi, the Cardano wallet firm behind a $21 million exploit in June 2026, finally launched a recovery portal for victims — but it offers only 30 ADA ($7.60) for each unrecoverable NFT. The portal, assessed via an “incident snapshot,” provides an estimate of eligible assets, though the firm cautions that “the final amount may differ.”
Originally scheduled for August, the portal was pushed back several times across September before going live. Victims must verify their exploited wallets by typing the private recovery phrase into SecondFi’s webpage — a dangerous practice that exposes users to spoofing and man-in-the-middle attacks.
After verification, a zero-knowledge proof is generated (up to 15 minutes), then the recovery claim process begins and can take up to five working days. Meanwhile, criminal Hackers stole $2.4 million from Cardano wallets due to a “nonce derivation” issue that leaked private keys.
A mysterious white hat hacker simultaneously took $18.5 million as part of the platform’s security response. Following the incident, SecondFi announced it was winding down operations to concentrate on asset recovery, while Cardano co-founder Emurgo gave up its Token2049 booth because of the hack.
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