Midnight Foundation issued an update on the SecondFi incident affecting Glacier Drop redemptions. Private keys compromised through SecondFi cannot be recovered by Midnight Foundation due to the system's design, which intentionally lacks administrative controls. Affected users are directed to SecondFi for support and guidance.
A security incident on the SingularityNET bridge resulted in unauthorized WMTX minting on Ethereum, which has been contained with minting stopped and trading paused. The incident response involved coordination with exchanges, market makers, security partners, and law enforcement, highlighting the importance of maintaining critical infrastructure control. Meanwhile, FLOKI token rallied 14% in 24 hours as Bitcoin surged above $87,000, driving broader cryptocurrency market recovery.