[EMURGO Transfers Token2049 Hosting Rights to Cardano Foundation Due to Handling SecondFi Security Incident] Cardano's governance organization, Intersect, posted on the X platform stating that EMURGO, due to its recent focus on addressing the SecondFi security incident, is unable to allocate the necessary resources to execute the Token2049 event. After a tripartite consultation, the responsibility for hosting the event has been officially transferred to the Cardano Foundation. EMURGO submitted a transfer request to Intersect, which was agreed upon after discussions with the Cardano Foundation. Intersect noted that this decision was made considering the urgency of the event timeline and to avoid uncertainties in delivery. The Cardano Foundation has agreed to deliver the event within the approved scope, and both EMURGO and Intersect acknowledge its proven track record in event execution. The hosting responsibilities for Token2049 have now been officially transferred, and the event is still scheduled to take place in October.