EMURGO Says SecondFi Will Not Resume Normal Operations After Wallet Drains

EMURGO said SecondFi will not resume normal operations following four wallet-draining events that compromised roughly 16 million ADA. According to NS3.AI, EMURGO instructed users to migrate through its official recovery process. EMURGO said the affected wallets remain permanently exposed at both the address and private-key level. The company advised users to complete migration using the official recovery method in response to the incidents.