Cardano: Midnight Crashes 35% After 515M NIGHT Exploit Rocks Wanchain Bridge
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On-chain analysis shows a Wanchain bridge contract funded in December 2025 moved 515.2 million NIGHT within eight minutes, triggering a market sell-off that drove Midnight's native token down roughly 35%. The apparent exploit raises crypto and DeFi bridge security concerns for the Cardano-Midnight ecosystem, pressuring token liquidity, adoption and near-term price recovery.
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The Midnight ecosystem came under intense scrutiny after an unusually large transfer of NIGHT tokens triggered a sharp market sell-off, sending the token's price tumbling. According to on-chain analysis, a Wanchain bridge contract originally funded in December 2025 transferred 515.2 million NIGHT, the native token of Cardano's partner chain Midnight, within just eight minutes.
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