Cardano (Input Output Global)
Peer-reviewed PoS chain. Built and maintained by IOG (formerly IOHK). Founded by Ethereum co-founder Charles Hoskinson after he left ETH.
An exploit drained about $2.4 million in ADA from 374 addresses over three days through a flaw in SecondFi's wallet-generation software.
SecondFi says it has completed forensic investigations, taken a final balance snapshot and is preparing to return assets.
SecondFi was hit by three separate attacks exploiting a flaw in its wallet generation software. A further 129 million ADA was secured by the team before attackers could reach it.
Cardano wallet SecondFi traced the incident to an address-level issue and secured 129 million ADA after attackers drained funds from 374 addresses.
Cardano (ADA), down 2.8%, was also among the underperformers.
Santiment data show active addresses at a four-month high and social dominance near a 2026 peak after Charles Hoskinson warned of a "wave of failures" in the ecosystem.
Hoskinson's remarks followed a string of setbacks for the ecosystem, including the cancellation of Cardano's flagship conference and the shutdown of a prominent analytics platform.
Founder Charles Hoskinson was brutally honest about the troubles the Cardano ecosystem could face as the market continues declining.
TapTools is set to wind down after leadership exits as Charles Hoskinson warns of a wave of Cardano ecosystem failures ahead.
Evin McMullen’s view on AI agents disrupting Google’s and Facebook’s business model was previously shared by Cardano Founder Charles Hoskinson and Cloudflare CSO Stephanie Cohen.
Despite the planned wind-down, TapTools says it is open to being acquired or taking on external resources to continue maintaining the platform.
The Cardano Foundation's flagship conference was scrapped after a funding proposal failed to secure the two-thirds support required under the blockchain's new governance system.
Cardano Foundation has failed at its second attempt to secure funding from Cardano’s community to fund its annual conference.
The measure needed two-thirds support but got only 65%, even after late endorsements from Cardano's founder and the Foundation CEO.
Wallets holding at least one million ADA now control 25.09 billion tokens, the highest share since July 2020, even as Cardano's TVL has bled to $137 million from a December 2024 peak of $686 million, per Santiment and DefiLlama data.
The founder and CEO of Cardano’s Input Output said Google, Amazon and Facebook are terrified because AI agents will not behave like humans when confronted with ads.