BREAKING: Sui is opening a public mainnet experiment on July 4.
Anyone will be able to log in with email and spam fully sponsored transactions through “tunnels,” with the goal of hitting 1,000,000 TPS.
🛡 Recovery Process Update
Your assets remain safe. Our team's full focus is on recovery. Here is where things stand today:
How do I check if my wallet is affected?
The asset recovery wallet checker is now live: https://t.co/EGLOj6iKDl
This is the only official checker, hosted on our https://t.co/C5s1yFPlq1 domain and shared only through @secondfiapp / @secondfi_jp. It is prepared on a best-efforts basis. It will never ask you to sign a transaction. Any tool that does is a scam.
This is phase one. In phase two, the checker will show whether your wallet has been affected, alongside an air-gapped transfer option to move assets securely.
I am not affected, what are my options?
If you wish to migrate, we recommend moving your assets to a newly created wallet using a hardware wallet only. We will release clear, step-by-step migration instructions to guide you through this.
I am affected, what do I do?
We are working on an onchain recovery tool. For now, submit a ticket at https://t.co/bKfl8SK9D2 and keep your app and seed phrase safe. Recovery instructions will only be released once the Intersect Security Council has completed its review.
How do I recover my assets?
Our teams are working with the smartest minds in Cardano, who have dropped everything to work on this incident, to develop an onchain claims portal. Which is now in preview mode and will be released soon.
Understanding what happened
Several auditors and independent experts are analysing onchain activity and validating our findings. Reports are coming, and we intend to share relevant reports once finalised. We cannot share findings before then, as doing so may cause further issues.
How do I make a claim?
If you want to make a claim, submit your ticket at https://t.co/bKfl8SK9D2.
Please remember:
DO
- Keep the SecondFi app installed
- Keep your seed phrase safe
- Use only https://t.co/EGLOj6iKDl to check your wallet
- Submit a ticket at https://t.co/bKfl8SK9D2
DON'T
- Delete the SecondFi app
- Share private keys, recovery phrases, or wallet credentials with anyone
- Trust any checker, link, or account outside our official channels
- Act on messages telling you to move assets or submit wallet information
SecondFi will NEVER request private keys, recovery phrases, or wallet credentials. No recovery actions requiring user participation have begun. @secondfiapp / @secondfi_jp remains the official channel for all updates.
BREAKING: Avalanche is now the 10th largest stablecoin network
AVAX stablecoin supply jumped 16.35% in the past week to $1.66B, with BlackRock’s BUIDL among the largest assets on the network.
BREAKING: Memory prices could COLLAPSE as China rapidly floods the market with DRAM and NAND chips.
China's CXMT RAM is selling for $150, while the global average price is around $300 to $400.
Chinese memory giants CXMT and YMTC are aggressively ramping production, threatening the dominance of Samsung, SK Hynix and Micron.
CXMT now controls 7.7% of the global DRAM market and YMTC already holds 11 to 13% of the global NAND flash market.
CXMT revenue already exploded 719% YoY in Q1 2026 to 50.8 billion yuan ($7.4B), swinging from losses to massive profits.
Chinese memory chips are often priced 15%+ below competitors, making them highly attractive for consumer PCs, servers, and storage devices.
Corsair already testing DDR5 modules using CXMT chips, while other brands like Acer and Asus asking suppliers to source Chinese memory.
China’s strategy is simple - flood the memory market with cheap DRAM and NAND chips, undercut competitors and capture global market share.
Samsung adviser Kyung Kye hyun already warned memory prices could fall back toward low levels by 2028 if supply expands too quickly.