Cardano founding entity EMURGO steps down from Pentad governance role after wallet exploit
Covered by 5 sources · 5 articles
5 outlets - including Thecryptobasic, Coinotag and Crypto-economy and 2 more - are covering this story. Cardano's founding entity and commercial arm, EMURGO, has announced that it is stepping down from its role in the Pentad. In a statement, EMURGO confirmed that it had formally notified the other Pentad members of its decision. Visit Website
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Cardano Founding Entity EMURGO Leaves Pentad to Lead SecondFi Recovery Process
Cardano's founding entity and commercial arm, EMURGO, has announced that it is stepping down from its role in the Pentad. In a statement, EMURGO confirmed that it had formally notified the other Pentad members of its decision. Visit Website
Cardano’s EMURGO Steps Down From Pentad Governance After $2.4M Hack
Cardano News Cardano (ADA) came under renewed pressure after EMURGO, one of the network’s three founding entities, formally stepped down from the Pentad — the cooperative body that steers Cardano ’...
EMURGO Steps Down From Cardano Governance After $2.4M Wallet Exploit
EMURGO, a co-founding entity of Cardano and developer of the SecondFi wallet, announced this Wednesday its official withdrawal from the Pentad governance group. The confirmation was made through its official X account, noting that this stra…
$2.4M exploit triggers EMURGO’s Cardano Pentad withdrawal
One of Cardano’s founding organizations is stepping back from the ecosystem’s most prominent governance coalition — not because of a strategic shift, but because of a security failure that drained millions of dollars from hundreds of users.…
Cardano founding entity EMURGO steps down from Pentad governance role after wallet exploit
The exploit, which leveraged a flaw in the wallet's address generation system, drained roughly 16 million ADA worth about $2.4 million.