Wanchain cross-chain bridge vulnerability leads to 290 million NIGHT tokens being transferred out, NIGHT recovers nearly 19% within 24 hours
2026-07-22 11:49
Odaily Planet Daily News: Wanchain's cross-chain bridge suffered a vulnerability attack on Monday, resulting in 290 million NIGHT tokens being transferred out. The price of NIGHT once dropped approximately 43% to an all-time low, before partially recovering nearly 19% within 24 hours.
Charles Hoskinson stated that the issue originated from an old cross-chain bridge architecture built by a third party, and that AI-driven vulnerability discovery is accelerating the exposure of flaws across all software, not limited to the crypto field.
He believes that zero-knowledge systems like Midnight are long-term solutions, which can replace trust in cross-chain bridge operators and multi-signature mechanisms with cryptographic proofs.
Charles Hoskinson stated that the issue originated from an old cross-chain bridge architecture built by a third party, and that AI-driven vulnerability discovery is accelerating the exposure of flaws across all software, not limited to the crypto field.
He believes that zero-knowledge systems like Midnight are long-term solutions, which can replace trust in cross-chain bridge operators and multi-signature mechanisms with cryptographic proofs.
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