In late June, an exploit drained about 16 million ADA ($2.4 million) from 374 Cardano wallets via the SecondFi protocol. EMURGO, a founding entity of Cardano, announced a two-week plan to recover and return the stolen assets without rolling back the blockchain ledger, marking a pioneering attempt at restitution on a decentralized chain. Independent forensic experts challenged parts of the official narrative, complicating victim eligibility for recovery. This experiment tests whether blockchain ecosystems can compensate theft victims while preserving decentralization and ledger finality, with results that could influence future crypto governance and institutional adoption.
Charles Hoskinson, founder of Cardano, has publicly denied rumors that he is retiring from the project, calling the claims completely false and based on out-of-context clips. This comes during a challenging time for Cardano, with ADA trading near $0....
Cardano's ADA price dropped following EMURGO's announcement to leave the Cardano Pentad, the network's main governance group, after the recent $2.4 million SecondFi hack that affected many users. EMURGO is focusing on helping those impacted by the br...
Cardano's ADA token dropped sharply after breaking a key support at $0.24, hitting a low of $0.14 amid declining transaction volumes and user activity. Despite being labeled a "zombie chain" due to low network usage, ADA has recently bounced 10% and ...
Ethereum researcher Toni Wahrstätter proposed a new payment model using native UTXOs to reduce Ethereum's blockchain state size by about 99.8%, inspired by Bitcoin's UTXO system. This approach contrasts with Ethereum's current account-based system an...
Ethereum developers proposed EIP-8141 to integrate Bitcoin-style UTXO mechanics, similar to Cardano's eUTXO model, to reduce database growth by 99.8%. Cardano founder Charles Hoskinson criticized Ethereum for adopting this approach without acknowledg...
