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Cardano Founding Entity EMURGO Leaves Pentad to Lead SecondFi Recovery Process
Jul 9, 2026
< 1 min read
by Lele Jima
for The Crypto Basic
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Cardano founding entity and commercial arm EMURGO announced on July 9, 2026 that it has formally stepped down from its role in the Pentad and notified other members. EMURGO will lead the SecondFi recovery process, a governance and security-focused intervention intended to accelerate remediation and restore confidence across Cardano crypto, DeFi, DEX and CEX counterparties while supporting on-chain recovery and adoption.
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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.
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