Wu Blockchain has learned that the Cardano ecosystem project SecondFi has released an update on the recent security incident, stating that the root cause has been identified as an issue with its native Cardano Web wallet generation software, and the impact is confined to this component. The team has completed on-chain analysis and is working with a blockchain security company for an independent technical review to verify the findings. It is currently estimated that the incident resulted in a loss of approximately 16 million ADA. SecondFi stated that the platform remains in security maintenance mode and has completed a user balance snapshot. They are collaborating with Cardano ecosystem entities such as Input Output (IOG), Cardano Foundation, Intersect, and SundaeSwap to monitor the flow of funds on exchanges and minimize the impact on other protocols. https://www.(wublock123.com)/news/secondfi-wallet-bug-security-incident-16m-ada-63358