Wanchain Bridge Hack Results in Theft of 515M NIGHT Tokens

On July 21, 2026, the Wanchain bridge connecting Cardano and BNB Chain was exploited, leading to the theft of 515 million NIGHT tokens valued at approximately $13 million. The attack was facilitated by a message encoding flaw that allowed the attacker to amplify authorized transactions. Following the breach, the price of wrapped NIGHT tokens on BNB dropped by 30%. The incident has raised significant concerns within the cryptocurrency community regarding the security of cross-chain protocols. The vulnerability exploited has not been publicly assigned a CVE yet. The Midnight network is currently assessing the damage and potential recovery options. Users of the affected systems are urged to monitor their holdings closely.

Key Points: • 515 million NIGHT tokens were stolen in the Wanchain bridge exploit. • The attack exploited a message encoding flaw, leading to a 30% price drop. • The incident highlights vulnerabilities in cross-chain protocols.