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.
Cardano's ADA price dropped to $0.2238 on October 17, down 11.5% over the past week and below the $0.278 level needed to confirm a bullish cup-and-handle chart pattern. Despite a 3% loss in the last 24 hours, ADA is still up 13.5% over the past month...
Cardano is preparing a significant upgrade called Leios, which founder Charles Hoskinson says will complete the network by combining key features like decentralized consensus, open governance, and improved scaling. Leios aims to increase transaction ...
Cardano (ADA) traded down 3.55% to $0.2235 as of early Oct. 17, slightly above a key support level at $0.2195. For ADA to recover, it needs to stay above $0.2195 and close a day above $0.2310, which could lead to a rise toward $0.2563. On the downsid...
Cardano (ADA) price fell more than 11% from its weekly opening, trading near $0.223 as it tests support between $0.21 and $0.22. Analysts highlight a possible recovery toward $0.30–$0.36 if ADA breaks above a descending trendline and maintains suppor...
Cardano (ADA) is approaching a critical support level around $0.21, identified by crypto strategist Nick Valdez as a potential entry point for a long position. This price level aligns with the 0.5 Fibonacci retracement and an ascending trendline conn...
