Security· ★★★· bearish·

Hoskinson Refuses to Compensate SecondFi Hack Victims

  • —June 21–23 breach hit 374 SecondFi wallets, with 16.1 million ADA (~$2.6 million) stolen
  • —Investigators traced the flaw to transaction signing, not the Cardano blockchain
  • —SecondFi recovery tool has moved over 100 million ADA and 22 million NIGHT
  • —Hoskinson: "I have nothing to do with SecondFi. It's not my responsibility to bail you guys out"
Why it matters: The dispute highlights that network founders disclaim liability for third-party wallets, leaving victims dependent on SecondFi's own recovery program.
#ADA
Source: CoinCentral
More on this
Security · Oct 8
SecondFi offers $8 per unrecoverable NFT in $21M hack recovery
 Security · Oct 6
German prosecutors seize over $11 million of Cryptoqueen funds to compensate victims
 Security · Sep 27
DyorSwap says 'GIWA mainnet' was a scammer-run fake chain, will compensate victims from treasury