EMURGO Hands Off Token2049 Hosting to Cardano Foundation Amid SecondFi Security Incident

ADA3.43%
According to ChainCatcher citing Intersect, EMURGO officially transferred Token2049 hosting responsibilities to Cardano Foundation due to resource constraints from handling the SecondFi security incident. Intersect stated the decision was made based on event scheduling urgency and to avoid delivery uncertainty. The SecondFi incident impacted approximately 16 million ADA (about $2.42 million), though security firm Certik estimates user losses may exceed $20 million. Token2049 is scheduled to proceed in October.
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