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[SecondFi: On-chain recovery plan complexity exceeds expectations, recovery time may exceed two weeks] Odaily Planet Daily reports that Cardano wallet service provider SecondFi has released an update on the progress of the security incident recovery, stating that EMURGO has established an asset recovery fund to compensate users affected by the attack. SecondFi noted that emergency rescue measures have been implemented to protect and restore access to some assets, and the team is discussing appropriate custody mechanisms with Intersect to ensure the safe return of related assets to users. Additionally, SecondFi is collaborating with a Cardano community-led task force to advance the on-chain recovery plan. Due to the higher-than-expected complexity of the recovery plan, the overall recovery time may exceed the previously estimated two weeks.

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