SecondFi, a Cardano wallet service, is shutting down after a security flaw led to the theft of 16.1 million ADA (about $2.4 million) from 374 wallets. The breach exploited a vulnerability in the transaction-signing software, but the Cardano network itself and hardware wallets were not affected. Despite the hack, ADA's price remained stable around $0.17 with no major sell-off, and traders kept their leveraged positions open. SecondFi plans to release wallet export and recovery tools soon, while the incident highlights the need for ongoing security reviews in the Cardano wallet ecosystem.
Cardano's ADA briefly fell below the $0.22 mark before bouncing back above it early Thursday, signaling pressure on a critical support zone. Trading at around $0.2217, ADA dropped 5.77% over 24 hours, hitting a low of $0.2182 and a high of $0.2377. A...
Cardano (ADA) fell 7.13% to $0.2207 on October 15, marking its lowest price since September 18. The drop is sharper than Bitcoin's 2.95% decline, reflecting thinner liquidity and higher leverage risks in smaller altcoins. The sell-off was triggered b...
Cardano (ADA) experienced a 4.33% price decline within one hour, falling from $0.2286 to $0.2187 based on Binance spot quotes. During this period, $1.98 million worth of long positions were liquidated across Binance, Bybit, and OKX, while no short po...
Cardano's price fell to around $0.228, nearing the lower boundary of its rising channel and testing a key demand zone between $0.22 and $0.24. Analyst Giannis Andreou suggests that holding this zone is crucial for a recovery, with resistance levels a...
Cardano's ADA token fell 3.10% within an hour to $0.2284 on October 14, reflecting a 2.93% decline over 24 hours. This drop coincided with $1.01 million in long liquidations across major exchanges Binance, Bybit, and OKX, while no short liquidations ...
