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.
Dash surged 42.68% to $67.04, leading gains among cryptocurrencies due to renewed investor interest in privacy-focused coins, despite no specific event triggering the rise. Meanwhile, Cardano fell 5.49% amid market adjustments following recent upgrad...
Grant Thornton Switzerland has officially attested the Cardano Foundation's 2025 financial statements directly on the Cardano blockchain, marking the first time a major crypto organization has received an on-chain auditor's signature. This audit, dat...
Kalshi, a CFTC-regulated platform, introduced perpetual futures contracts for BNB on September 4, allowing eligible US investors to trade BNB as a regulated derivative. This addition is part of a broader expansion including altcoins like Cardano and ...
Cardano's ADA is showing signs of a potential bullish breakout after recovering from a months-long downtrend. Analyst Lana Valentis highlights that maintaining support at $0.19 could enable ADA to challenge the $0.24 resistance level, which if surpas...
Cardano founder Charles Hoskinson outlined a vision for the crypto market's next phase, called Web 2.5, at Coinfest Asia. He highlighted the need to merge traditional finance with crypto assets through four pillars: privacy with compliance, selective...
