SecondFi says its recent incident came from native Cardano web wallet generation software, with preliminary impact around 16M ADA and user balances already snapshotted while the platform stays in maintenance. SlowMist founder Cos says suspected hacker wallet flows point to a much larger theoretical loss above $20M, involving more than 129M ADA plus other tokens. The gap matters: SecondFi is still validating the technical review with an outside security firm while IOG, Cardano Foundation, Intersect, and SundaeSwap monitor fund flows.

TLDR by @Benthic

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