Cardano-based wallet SecondFi will shut down its services after a cryptographic flaw led to attackers stealing 16.1 million ADA ($2.6M) from 374 wallets. Users await recovery tools, now targeted for August, amidst frustration over delays and lack of direct reimbursement plans.
An exploit on a Wanchain-operated bridge connected to the Cardano ecosystem resulted in the theft of approximately 515 million NIGHT tokens, causing a 30% price drop for NIGHT. The Midnight Foundation confirmed its core protocol was unaffected, and major exchanges collaborated to freeze stolen assets. Cardano's ADA token, however, defied the sell-off, climbing nearly 8%.
Cardano has successfully implemented the Van Rossem hard fork, transitioning to protocol version 11 through its first upgrade ratified entirely by on-chain governance without Input Output's direct intervention. The update aims to lower Plutus execution costs and improve scalability, though ADA's price remains flat despite the news.
Cardano activated its van Rossem hard fork, upgrading the mainnet to version 11. This update is expected to lower smart contract execution costs and prepares the network for the Ouroboros Leios scalability upgrade, anticipated in late 2026.
Cardano's founding developer, Input Output, is decentralizing control of its core blockchain infrastructure, including the Haskell node and Plutus platform, to external firms like Se7en Labs and Teragone. This transition, part of the Voltaire era, coincides with the Van Rossem hard fork going live, aiming to cut smart contract costs. IOG will now focus on research and new ventures.
Clearstream, filiale de Deutsche Börse, ajoute six nouveaux jetons numériques, dont XRP, Solana et Cardano, à son service de conservation réglementé. Cette expansion facilite l'accès des institutions financières européennes aux cryptomonnaies, contournant les dépositaires offshore non régulés.
EMURGO is stepping down from its role in Cardano's Pentad infrastructure funding group to focus on recovering funds lost in the SecondFi exploit, which drained $2.4 million in ADA from 374 wallets due to a wallet address-generation flaw.
SecondFi, a Cardano wallet, identifies recovery path for users affected by a $2.4M exploit, expecting to return assets in two weeks after testing and security reviews.
Cardano is advancing major throughput upgrades (Leios testnet, Van Rossem hard fork) but faces challenges from a sharp ADA price decline and a $2.4 million SecondFi wallet exploit, highlighting a divide between engineering progress and ecosystem health.
Charles Hoskinson announced a break from Cardano pressure, citing a lack of personal control over network decisions and treasury. This comes amid community blame for price weakness and governance disputes, highlighting the tension between his public role and Cardano's decentralized governance structure.
Cardano's ADA token hit a five-year low as founder Charles Hoskinson warned of ecosystem collapse. Analytics firm TapTools is shutting down due to economic challenges, and Hoskinson cited declining market conditions and lack of community investment as reasons for potential further failures.
Cardano analytics platform TapTools is winding down operations due to leadership instability and unsustainable economics, following multiple executive departures. The platform cited high infrastructure, development, and support costs as key factors. Cardano creator Charles Hoskinson acknowledged a role in the situation and suggested a bailout plan was not executed.
Cardano's 2026 Summit in Singapore was canceled after the network's treasury governance process failed to approve a revised 7.8 million ADA funding request. Delegated Representatives (DReps) blocked the dedicated event budget, though a separate EMURGO sponsorship for TOKEN2049 passed.
The Cardano Foundation has canceled its 2026 annual conference, the Cardano Summit, after a governance proposal to fund it with treasury tokens failed to reach the required 66.67% threshold. Despite 65.2% voting in favor, the proposal fell short, leading to the cancellation of the event planned for Singapore.
Cardano's future is uncertain as key research and infrastructure proposals face rejection in a critical treasury funding vote. Failure to secure $46.8 million could lead to an exodus of scientists and the closure of its research lab.
Cardano's future is uncertain as key treasury funding proposals face weak support ahead of a May 24 deadline. Failure to secure $46.8 million could lead to an exodus of scientists and the closure of its research lab.
Cardano's upcoming Van Rossem hard fork (V11) aims to enhance its smart contract capabilities with Plutus upgrades and cryptographic primitives. The May 29 mainnet target faces potential delays due to infrastructure readiness. This upgrade arrives as Cardano's DeFi activity lags behind competitors, making developer adoption and usage growth the key benchmarks for ADA's future performance.
T. Rowe Price, 15 kripto parayı içerecek aktif yönetimli ETF başvurusu için S-1 dosyasını dördüncü kez güncelledi. Başvurunun güncellenmesi, SEC ile diyalog olduğunu ve onaya yaklaştığını gösteriyor.
Cardano launches Cardano Vault with Fireblocks, targeting institutional DeFi with enterprise-grade control. Despite modest current TVL, the platform aims to compete with Ethereum and Solana by offering unique staking yield profiles and compliance features.
A fund manager, treasury desk, custodian, or regulated fintech function with vault accounts, policy-based approvals, granular access controls, audit trails, API access, and operational continuity when employees rotate. That structure is reshaping how capital is allocated within DeFi, and it explains why Cardano's latest infrastructure push via Iagon's Cardano Vault, built with Fireblocks, is a […] The post Cardano wants in on the tokenized institutional vault race as DeFi’s retail focus fades appeared first on CryptoSlate.
At Consensus 2026, Cardano's Charles Hoskinson said that “users should probably never have their private keys,” adding that “something should have the private keys for the users.” He argued that the secure chips already embedded in iPhones, Android phones, and Samsung devices outperform those in Ledger and Trezor devices, and that most crypto users already […] The post Cardano’s Charles Hoskinson says the future of crypto wallets will be inside iPhones and Androids appeared first on CryptoSlate.
Cardano's governance system is facing two deadlines that belong in the same conversation. JPG Store, a prominent Cardano NFT marketplace whose product page calls it the #1 Cardano NFT marketplace, began a ‘Restriction Mode' on April 23 and scheduled its ‘Complete Shutdown for May 23′. The shutdown gives users immediate work to do. The shutdown […] The post Cardano to invest in Bitcoin while Cardano marketplaces like JPG Store are shut down appeared first on CryptoSlate.
Cardano's governance system is facing two deadlines that belong in the same conversation. JPG Store, a prominent Cardano NFT marketplace whose product page calls it the #1 Cardano NFT marketplace, began a ‘Restriction Mode' on April 23 and scheduled its ‘Complete Shutdown for May 23′. The shutdown gives users immediate work to do. The shutdown […] The post Should Cardano invest more into Bitcoin while top Cardano marketplaces like JPG Store shut down? appeared first on CryptoSlate.
A crypto founder had his laptop compromised when he joined what appeared to be a Microsoft Teams call with Pierre Kaklamanos, a Cardano Foundation contact he had spoken with before. When “Pierre” reached out about Atrium and sent a Teams invite, nothing looked out of place. On the call, the face and voice matched what […] The post OpenAI’s new image model shows why crypto scams are about to get much worse appeared first on CryptoSlate.
