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Wanchain bridge hack drains $13M in NIGHT tokens, causing 30% price drop; Cardano network remains secure.

Market News
21 Jul 2026, 15:27 WIB
Tokenpost
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Bearish
Wanchain bridge hack drains $13M in NIGHT tokens, causing 30% price drop; Cardano network remains secure.

On July 21, 2026, a security breach on the Wanchain bridge linking Cardano and BNB Chain led to the theft of about 515 million NIGHT tokens worth $13 million. The exploit exploited a message encoding flaw, allowing attackers to amplify authorized transfers drastically. This caused a sharp selloff, dropping NIGHT token price over 30% to a record low. Wanchain has taken the bridge offline for investigation, while the Midnight Foundation confirmed that the core Midnight blockchain and Cardano network remain unaffected. The incident highlights ongoing risks in cross-chain bridges despite secure Layer-1 networks like Cardano.

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