Overview
- A wallet exploit that began on June 22 drained funds and helped push ADA to about $0.139 on June 24, a six‑year low reached as selling intensified.
- Investigations say roughly 16 million ADA (about $2.4 million) were stolen from 374 wallets while a separate move of 129 million ADA was a protective transfer to third‑party custody, not theft.
- SecondFi has patched the vulnerable wallet generation code, moved affected accounts into maintenance for audits, and said independent security reviews are under way.
- EMURGO has set up a restoration and compensation fund for harmed users and is exploring legal options to seek redress for the breach.
- Market signals remain mixed: ADA lost the key $0.148–$0.150 support with downside targets near $0.1369 and $0.1278, even as a short‑term TD Sequential buy alert may be a bull trap and whales plus long‑biased futures are adding positions.