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EMURGO, Cardano co-founding body, outlines plan to recover $2.4 million after wallet hack

EMURGO, a co-founding organisation of the Cardano blockchain, said it has found a way to return assets stolen in the SecondFi wallet hack within about two weeks. CEO Phillip Pon said it completed a forensic review, verified wallet balances and identified a clear recovery solution. SecondFi reported four outflows between June 21 and 23, including three thefts totalling 16 million ADA and an emergency transfer of 129 million ADA.