Midnight's NIGHT Token Rebounds 19% After Wanchain Bridge Hack
BlockSec said the exploit may stem from a validator flaw that let attackers drain bridged tokens and push NIGHT down more than 30% in 24 hours.
- Blockchain security firm BlockSec reported that Wanchain's Cardano-to-BNB Chain bridge suffered an exploit draining about 515 million NIGHT from its treasury earlier this week.
- BlockSec's Phalcon investigation pointed to a potential flaw in the TreasuryCheck validator, which combines 14 fields without separators, potentially allowing identical byte strings from different data sets.
- NIGHT sold off sharply, dropping about 31% to near $0.0186 within 24 hours, while the 515 million drained tokens carry a market value of roughly $9 million to $10 million.
- The Midnight Foundation clarified the event is isolated to Wanchain's third-party bridge infrastructure, stating that Midnight Network's protocol, validators, and core infrastructure continued operating normally.
- This incident follows several 2026 bridge attacks involving Taiko and Verus Protocol, as Wanchain remains under investigation regarding the exact vulnerability and transaction flow behind the exploit.
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17 Articles
The Crypto Basic
BITRSSCardano: Midnight Crashes 35% After 515M NIGHT Exploit Rocks Wanchain Bridge
The Midnight ecosystem came under intense scrutiny after an unusually large transfer of NIGHT tokens triggered a sharp market sell-off, sending the token's price tumbling. According to on-chain analysis, a Wanchain bridge contract originally funded in December 2025 transferred 515.2 million NIGHT, the native token of Cardano's partner chain Midnight, within just eight minutes.Visit Website
Midnight Exploit: Hoskinson Blames Legacy Bridge Vulnerability, Calls for Review
NIGHT’s price crashed 45% following a $10 million exploit on the Wanchain Bridge. Hoskinson described the Wanchain Bridge exploit as a “case of the Mondays.” The exploit targeted a legacy, third-party bridge architecture built by Wanchain. NIGHT, the native token of the Midnight ecosystem, crashed approximately 45% last Monday following a $10 million Wanchain Bridge exploit. The hack occurred on Wanchain’s Cardano-to-BNB Chain Bridge, with an at…
The NIGHT token, belonging to the Midnight ecosystem, managed to recover some of the losses recorded after suffering a sharp fall caused by the exploitation of a Wanchain bridge. After collapsing about 43% to mark a new historical minimum, the asset experienced a rebound of close to 19% in the next 24 hours, while its founder, Charles Hoskinson, took advantage of the incident to raise a broader discussion about the future of security in the cryp…
Midnight’s NIGHT token recovered some of the lost ground after an exploit on the Wanchain bridge caused the theft and sale of 290 million units. Charles Hoskinson used the episode to question the safety of inherited bridges and defend evidence of zero knowledge as a structural alternative. *** A Wanchain bridge exploit caused the theft and sale of 290 million NIGHT tokens, with an approximate drop of 43% to a historical minimum. NIGHT bounced al…
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