Dan Gambardello|Jun 24, 2026 13:46
Big developments on the Cardano wallet hack. Firstly, Cardano was NOT hacked.
Secondly, users should be able to get their ADA back!
What got exploited was third-party wallet software, and the headlines are obviously running crazy with this Cardano news implying this was a protocol level thing.
Here's what actually happened:
- 16M ADA drained across 374 addresses by external attackers
- 129M ADA was rescued through emergency measures and is being returned to affected users
- Claims process is actually underway for people to get their ADA back
The fair question to ask is how did Emurgo have key access to do it?! The optics there aren't great.(Dan Gambardello)
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