ADA Price Plunges 5% After Another Cardano Governance Mess

The price of Cardano (ADA) plunged roughly 5% in 24 hours after the founding entity EMURGO stepped down from the Pentad governance group. The company said the SecondFi exploit forced it to redirect its resources. Here is why EMURGO left, how the hack triggered the move, and what it means for Cardano