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Wanchain bridge hack drains $13M in NIGHT tokens, causing 30% price drop

Market News
21 Jul 2026
Coingape
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Bearish
Wanchain bridge hack drains $13M in NIGHT tokens, causing 30% price drop

Attackers exploited a signature reuse flaw in the Wanchain-operated Cardano–BNB Chain bridge, draining about 515 million NIGHT tokens worth $13 million. This caused the NIGHT token price to fall over 30% to a record low near $0.016. The breach was isolated to the third-party bridge infrastructure, with no impact on the Midnight network or Cardano's core protocol. Wanchain has taken the bridge offline and is investigating, while the Midnight Foundation confirmed their network remains secure.

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