Midnight Exploit: Hoskinson Blames Legacy Bridge Vulnerability, Calls for Review
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NIGHT, the Midnight ecosystem native token, plunged about 45% after a $10 million exploit on Wanchain's Cardano-to-BNB bridge that drained an estimated $9 million to $13 million and inflated a transfer from roughly 3,110 NIGHT to over 203 million NIGHT in a single transaction. Charles Hoskinson called it a legacy bridge failure and said a TreasuryCheck encoding flaw enabled a signature-reuse attack, highlighting serious crypto and DeFi bridge security risks for token holders and cross-chain adoption.
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- 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 attacker exploiting a flaw in Wanchain’s TreasuryCheck validator, which encoded 14 fields without separators.
The vulnerability enabled a signature-reuse attack that amplified an approved transfer of roughly 3,110 NIGHT into over 203 million NIGHT in a single transaction. Hackers used the opportunity to drain between $9 million and $13 million, depending on the price, from the Cardano side bridge treasury, dumping t…
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