Svmuu News: Cardano wallet service provider SecondFi has released an update on the recovery from the security incident, stating that EMURGO has established an asset recovery fund to return assets to users affected by this attack.
SecondFi stated that it has already protected and restored access to some assets through emergency measures, and the team is currently discussing appropriate escrow mechanisms with Intersect to ensure the safe return of the relevant assets to users.
In addition, SecondFi is collaborating with a community-led working group on Cardano to advance an on-chain recovery plan. As the recovery process is more complex than previously anticipated, the overall recovery time may exceed the original estimate of two weeks.
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SecondFi: The complexity of the on-chain recovery solution is higher than expected; the recovery process may take more than two weeks.
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