Cardano Users Are Facing New Security Concerns as ADA Falls to a Multi-Year Low

Key highlights:

  • The ADA price has hit its lowest level since December 2020 after the SecondFi exploit.
  • Loss estimates range from 16M ADA to over $20M, though Cardano itself was not breached.
  • Traders are watching $0.1475 support as ADA remains over 95% below its 2021 peak.

The ADA price is once again under pressure due to the discovery of an exploit related to SecondFi, a project of the Cardano ecosystem. The situation is causing new conversations to arise regarding security issues, self-custody problems, and customer protection, despite the fact that Cardano’s network itself hasn’t been hacked.

It isn’t only the amount of money lost that is making people talk, but also the timing. ADA is already trading at prices last seen in December 2020, and now a security issue is posing another problem to an already troubled market.

Cardano founder Hoskinson addresses the exploit

Charles Hoskinson responded publicly to the incident in a video shared by Coin Bureau and focused on the people affected rather than the dollar amount involved. SecondFi initially estimated losses at around 16 million ADA, worth roughly $2.4 million.

Independent blockchain investigators tracking attacker wallets later estimated the damage could be much larger, with losses potentially exceeding $20 million and involving more than 129 million ADA alongside other tokens and NFTs.

Hoskinson described the exploit as an unfortunate reality within the crypto industry. He pointed out that even if the amount is smaller than some of the sector’s largest hacks, that distinction means very little to users who may have lost their entire holdings.

The issue was traced to a flaw in wallet generation software that exposed private keys for affected users. SecondFi has since paused services, entered maintenance mode, and started working with external security firms to investigate the incident. 

The ADA price is trading at multi-year lows

The exploit arrives at a difficult moment for Cardano. We had a look at the monthly ADA chart shared by Ted Pillows, and the broader trend remains firmly bearish. The ADA price is trading near $0.1475, which places it at its lowest level since December 2020.

That number becomes even more striking when compared to Cardano’s previous cycle high. During the 2021 bull market, ADA traded above $3.20. At today’s price, the token is down roughly 95.4% from that peak.

The decline has been gradual but relentless. The ADA price fell from being above $3.00 in 2021 to $2.00 in 2022, $1.00 in 2023, and to $0.60 in 2024. From that level, it fell below $0.40 and eventually reached current levels.

Why this ADA support level matters

The zone near 0.1475 is being watched since it represents one of the most crucial support zones on the longer timeframe. It was the zone where ADA was trading prior to an incredible run, which allowed it to go from below $0.10 to over $3.00.

The first major barrier remains near $0.80 and then the psychological $1.00 mark. If this support breaks, attention could quickly turn toward the $0.10 area, where the next meaningful historical support zone comes into view.

CoinCodex’s 1-month ADA price prediction targets $0.1441, indicating a neutral-to-bearish outlook from the current level as traders watch whether Cardano can hold support near its December 2020 lows and avoid another breakdown.

The ADA price is now dealing with two separate challenges.One is market structure. The monthly chart remains in a clear downtrend, and ADA is trading more than 95% below its all-time high.

The second is confidence. Despite the vulnerability being associated with the wallet software rather than the Cardano network itself, security breaches usually impact sentiment within an entire blockchain environment. For now, it is all about whether Cardano can sustain above the December 2020 support zone. 

Source:: Cardano Users Are Facing New Security Concerns as ADA Falls to a Multi-Year Low

Updated: June 24, 2026 at 3:25 pm
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