SecondFi, formerly Yoroi, suffered a critical security breach on June 23 due to a flaw in its wallet key generation, compromising 178 wallets and resulting in confirmed losses of about 16 million ADA ($2.4 million). Security firm SlowMist warns total damages could exceed $20 million, affecting up to 129 million ADA tokens. The platform has suspended operations and advised its over one million users to transfer assets to new wallets immediately. Fraudsters are exploiting the situation by impersonating SecondFi representatives, increasing risks for users. The incident raises serious concerns about Cardano's ecosystem security and Emurgo's role in addressing compensation remains unclear.
The crypto market remains range-bound with Bitcoin trading around $62,900, showing little daily movement but down over 3% weekly. Regulatory setbacks in the US, including the SEC delaying a key crypto rule vote and stalled Senate action on the CLARIT...
Cardano's price is maintaining the key $0.18 support level while its decentralized finance (DeFi) total value locked (TVL) increased by over 14 million ADA since early August, reaching about $66.65 million. This growth follows the recent Van Rossem u...
Cardano (ADA) has flipped its SuperTrend indicator from red to green, suggesting a bullish trend as the price breaks through $0.18 resistance. This follows a double bottom formation and oversold conditions indicated by the Stochastic RSI, hinting the...
Cardano's Total Value Locked (TVL) in DeFi increased by 14 million ADA since August 8, reaching a value of $66.65 million, signaling growing network activity after recent upgrades. However, institutional interest is waning, with Cardano futures volum...
Cardano (ADA) is consolidating around $0.18 with a market cap near $6.9 billion, facing strong resistance between $0.20 and $0.21. Technical indicators like the TD9 sell signal and a declining MVRV ratio suggest growing bearish pressure, with critica...
