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The Nexus
SECURITYJul 8 · 15:08 UTCTHE BLOCKKyle Baird

Cardano founding entity EMURGO steps down from Pentad governance role after wallet exploit

EMURGO, the founding entity of Cardano, has stepped down from Pentad governance following a wallet exploit that exploited a flaw in the wallet's address generation system, resulting in a loss of 16 million ADA valued at $2.4 million.

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EMURGOorganizationPentadorganizationADAtopicwallet exploittopicaddress generation systemtopic
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