SecondFi Announces Three-Phase Compensation Plan

SecondFi announced that the reward offer for the return of assets stolen during the attack on its platform in June is still valid. The compensation process will proceed in three phases. In the first phase, official applications from affected users will be collected by the end of July. In the second phase, tools will be released to securely transfer the surviving assets to third-party platforms by mid-August 2026. Users are advised to move their assets to hardware wallets. In the third phase, an automated compensation portal will be launched at the beginning of September 2026. The attack occurred between June 21 and June 23, 2026, affecting 374 digital wallets. A total of 16.1 million ADA was stolen in the attack. The technical team secured 129 million ADA to prevent further loss. EMURGO has decided to shut down and liquidate the SecondFi and Yoroi brands.

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