SecondFi Ceases Operations, Asset Recovery Process Launches by September 10

Cardano wallet provider SecondFi halts operations, launching migration tools on August 13. A ZK-proof-based recovery process for June 2026 incident victims goes live by September 10.

Woofun AI reports that SecondFi, a Cardano wallet service provider, has announced the cessation of its operations. The company is deploying wallet migration tools and procedures to facilitate the recovery of affected assets. The migration utility, which underwent independent security assessments by Bitdefender, launches on August 13. This tool enables users to transfer remaining Cardano assets, including ADA, native tokens, and NFTs, from SecondFi wallets to custom Cardano wallets of their choice. Non-Cardano assets require separate handling. The broader recovery process is scheduled to become available by September 10. This phase allows users impacted by events in June 2026 to verify wallet ownership via zero-knowledge proof and submit claims.