The more pain you can endure, the greater the success you can achieve! At the time, I moved my snek over to night at a loss of -99%. Looking back now, the returns are similar to holding snek—the only difference is that the project went from a meme to privacy.
Some may wonder why I didn’t trade ada for night back then. I was afraid! ada was struggling to stay afloat, falling from 1.2 to 0.15. If prices recovered first, ada would be the one to recover. Looking back today, I would have been in profit much earlier if I’d traded for night. Next time, it could be a life-changing opportunity.
Incident
$NIGHT — On July 21, 2026, a cross-chain bridge operated by Wanchain between Cardano $ADA ↔ $BNB Chain (BSC) was exploited by hackers, who stole approximately 515 million NIGHT tokens from the bridge’s treasury. At the time, they were estimated to be worth around $9–13 million. After the incident, the price of NIGHT briefly fell by 50%, hitting 0.01511.
Key details
The vulnerability was in the bridge’s TreasuryCheck validator: a flaw in the encoding of signed messages allowed signatures to be reused.
The attacker used the signature from a legitimate, small-value authorization transaction on BSC (approximately 3,110 NIGHT), which was reinterpreted on the Cardano side as a large withdrawal (over 200 million NIGHT). The attack was completed in several transactions over just a few minutes, and the stolen tokens were subsequently sold on a DEX.
Aftermath
The Midnight network itself was unaffected (the mainnet, consensus, and native supply remained secure); the issue was limited to the third-party Wanchain bridge.
Wanchain immediately took the bridge offline and began an investigation.
Some may wonder why I didn’t trade ada for night back then. I was afraid! ada was struggling to stay afloat, falling from 1.2 to 0.15. If prices recovered first, ada would be the one to recover. Looking back today, I would have been in profit much earlier if I’d traded for night. Next time, it could be a life-changing opportunity.
Incident
$NIGHT — On July 21, 2026, a cross-chain bridge operated by Wanchain between Cardano $ADA ↔ $BNB Chain (BSC) was exploited by hackers, who stole approximately 515 million NIGHT tokens from the bridge’s treasury. At the time, they were estimated to be worth around $9–13 million. After the incident, the price of NIGHT briefly fell by 50%, hitting 0.01511.
Key details
The vulnerability was in the bridge’s TreasuryCheck validator: a flaw in the encoding of signed messages allowed signatures to be reused.
The attacker used the signature from a legitimate, small-value authorization transaction on BSC (approximately 3,110 NIGHT), which was reinterpreted on the Cardano side as a large withdrawal (over 200 million NIGHT). The attack was completed in several transactions over just a few minutes, and the stolen tokens were subsequently sold on a DEX.
Aftermath
The Midnight network itself was unaffected (the mainnet, consensus, and native supply remained secure); the issue was limited to the third-party Wanchain bridge.
Wanchain immediately took the bridge offline and began an investigation.