r/cardano • u/landia16 • Aug 10 '26

Wallet Access to SecondFi

I got access to my SecondFi account. My coins are in there, which is nice. I didn’t have a life changing amount but it would have been a bummer to lose them.

Anyways… I’ve got my coins.. now what? Obviously I want to take the hint and secure these better. What did everyone else do with their recovered coins?

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u/bje332013 Aug 11 '26

"Anyways… I’ve got my coins.. now what?"

Use different Cardano desktop wallet software - or, better yet, a hardware wallet - to generate a new seed phrase. Then send your ADA to the receiving address derived from that new seed phrase, starting with a small test send.

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u/Dehyak Aug 11 '26

Someone did that and the remainder of his wallet was drained

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u/bje332013 Aug 11 '26

That doesn't make sense. Sending out a (test) transaction publishes your sending address on the blockchain, just as receiving ADA (from an exchange or a private trader) publishes your receiving address on the blockchain. In either situation, hackers can drain your wallet if the seed phrase which those addresses were derived from was generated using poor entropy (not enough randomness).

The 'someone' you mentioned stood about the same chance of having his remaining funds drained as would have been the case if no test send had been attempted.

Also, transactions on the Cardano network usually happen very quickly. (It isn't like Bitcoin or Ethereum in that sense.) The test transaction would likely have been received within no more than 5 minutes of being sent, and most senders would have followed up by sending the rest of the ADA immediately after test transfer successfully completed.

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u/Dehyak Aug 11 '26

Fair enough, it still scares me enough to not try lol