Cardano: Midnight Crashes 35% After 515M NIGHT Exploit Rocks Wanchain Bridge

thecryptobasic2026-07-21 06:16:43

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Cardano: Midnight Crashes 35% After 515M NIGHT Exploit Rocks Wanchain Bridge

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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