Emurgo to leave Cardano governance group to focus on hack recovery

Cardano blockchain infrastructure developer Emurgo has announced it is stepping down from the governance group Pentad to focus on recovery efforts following an exploit of the SecondFi wallet. According to The Block, the move comes after the Cardano ecosystem wallet, formerly known as Yoroi, was attacked in June. The exploit resulted in hundreds of users having their funds stolen, with damages estimated at the time to be around $2.4 million.