# Hoskinson Rejects SecondFi Loss Compensation

> Cardano founder Charles Hoskinson says he won't cover SecondFi wallet breach losses.
- Title: Hoskinson Rejects SecondFi Loss Compensation · TokenPost
- Summary: Cardano founder Charles Hoskinson says he won't cover SecondFi wallet breach losses. Cardano founder Charles Hoskinson will not compensate users affected by…
- Keywords: charles hoskinson, secondfi, cardano, ada, wallet breach, recovery process, crypto, finance, Hoskinson, Rejects, Loss, Compensation
- Source: TokenPost — https://tokenpost.com/news/technology/35839
- Published: 2026-10-20T18:02:34+00:00
- Read time: 1 min
- Topics: charles hoskinson, secondfi, cardano, ada, wallet breach, recovery process, crypto, finance
## 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.
## Key takeaway

Cardano founder Charles Hoskinson will not compensate users affected by SecondFi wallet breach losses.