Cardano’s wallet hack exposed the user layer holding its on-chain government together
EMURGO stated it’s stepping down from its position in Pentad, the five-member group coordinating Cardano’s infrastructure funding, to focus sources on recovering funds misplaced in the SecondFi exploit. The assault exploited a flaw in SecondFi’s wallet address-generation system, draining roughly $2.4 million in ADA from 374 wallets. A wallet-layer product failed, and EMURGO, certainly one…
