EMURGO announced that SecondFi will not return to normal operations following a recent security incident with their Cardano wallet. Audits are ongoing, and the company is focused on asset recovery for affected users. EMURGO is preparing checker tools, migration routes, and a recovery fund for users. Recovery efforts are prioritized over product operation, with audits and patch work continuing. Users are advised to migrate away from SecondFi through official methods. The company is working on short-term priorities such as asset safeguarding, recovery fund, and secure migration routes. An external audit of the recovery system is required before funds can be returned. EMURGO will release a fuller account of the incident once investigations are complete.

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