From TokenPost · · 50s
Hoskinson Rejects SecondFi Loss Compensation
Cardano founder Charles Hoskinson says he won't cover SecondFi wallet breach losses.
In brief
Cardano founder Charles Hoskinson says he won't cover SecondFi wallet breach losses. Cardano founder Charles Hoskinson will not compensate users affected by SecondFi wallet breach losses. Originally reported by TokenPost.
Hoskinson rejects SecondFi compensation
Cardano founder Charles Hoskinson said he would not compensate users affected by the SecondFi wallet breach, leaving claims to a limited recovery process as the wallet provider winds down its service.
Breach details
The breach occurred June 21-23, with approximately 16.1 million Cardano (ADA) stolen from 374 wallets, estimated at $2.6 million.
Recovery process
SecondFi opened its recovery tool on October 7, checking affected addresses against incident records and wallet snapshots before users request eligible assets be sent to a new wallet.
The main idea
Cardano founder Charles Hoskinson will not compensate users affected by SecondFi wallet breach losses.
