A cross-chain bridge operated by Wanchain and connected to the Cardano ecosystem was exploited on July 20, allowing an attacker to drain roughly 515 million NIGHT tokens. The tokens were removed from a Cardano-side lock address that backed NIGHT bridged to BNB Chain, leaving only a small fraction of the intended reserves and sending the token to an all-time low. The attack highlights ongoing security risks tied to bridge infrastructure, which links assets across separate blockchains. Despite the incident affecting the Midnight-related token, Cardano's native ADA moved in the opposite direction, climbing about 8%. The gain followed a recent hard fork upgrade for the network, which supporters described as a landmark development. The contrasting outcomes underscore how ecosystem-specific exploits can remain distinct from broader sentiment around a blockchain's core token and protocol improvements.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.