SecondFi Hack Victims Seek Relief, Hoskinson Draws the Line

TLDR Charles Hoskinson rejects requests to compensate SecondFi hack victims, saying he bears no responsibility for the wallet’s losses. The June security breach resulted in the theft of 16.1 million ADA, worth approximately $2.6 million. SecondFi reports recovery transfers exceeding 100 million ADA and 22 million NIGHT tokens since October 7. The recovery program only covers eligible assets and does not guarantee full reimbursement. Cardano founder Charles Hoskinson has ruled out compensating users affected by the SecondFi hack. The comments renewed scrutiny of the wallet provider’s response. His response followed a proposal connecting reimbursement for lost NIGHT airdrops to deposits in a Cardano decentralized finance liquidity vault.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.