Wanchain's Cardano Bridge Exploited for $13M; 515M $NIGHT Drained
AI Market Summary
Wanchain's Cardano bridge was reportedly exploited for roughly $13M, draining about 515M NIGHT from the bridge treasury and forcing the Cardano–BNB Chain bridge offline during an investigation. Early findings suggest a validator flaw enabling signature-reuse attacks. The incident triggered sharp market repricing, with NIGHT falling over 30% to a record low, and may temporarily depress risk appetite for related cross-chain bridge liquidity.
Impact level
● High
Affected assets
NIGHT/USDT-24.01%
AI Insight · NIGHT/USDTAI Insight
▼ Bearish
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Wanchain's bridge infrastructure linking Cardano was reportedly exploited, with about 515 million $NIGHT removed from the bridge treasury. The haul was valued at roughly $13 million prior to the attack.
Early findings suggest the issue may stem from a weakness in the TreasuryCheck validator. Analysts said non-injective signed-message encoding could have enabled a signature-reuse attack.
Wanchain acknowledged an incident impacting its Cardano–BNB Chain bridge and said the bridge has been taken offline as the team investigates and prepares a fuller update.
Following the news, NIGHT—the native token of Cardano-incubated Midnight—slid more than 30% to a record low around $0.016.
Source: BlockSec Phalcon
