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SecondFi is working to claw back approximately $2.4 million in ADA drained from 374 Cardano addresses after a flaw in its wallet-generation software was exploited over a three-day window.
The platform says it has mapped a recovery plan and intends to return the affected funds within two weeks.
The Mechanism: A Flaw in the Foundation Wallet-generation vulnerabilities are among the most structurally damaging category of exploits in decentralized finance, because the damage is front-loaded and silent.
A compromised key-generation routine means wallets appear legitimate to their owners while the attacker holds a skeleton key from the moment of creation.
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