Wanchain cross-chain bridge vulnerability leads to 290 million NIGHT tokens being transferred out, with NIGHT rebounding nearly 19% within 24 hours.
TechFlame
2026-07-22 11:49
TechFlame2026-07-22 11:49
English
TechFlame News: Wanchain's cross-chain bridge suffered a vulnerability attack on Monday, resulting in the transfer of 290 million NIGHT tokens. The price of NIGHT 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 Charles Hoskinson stated that the issue originated from an outdated cross-chain bridge architecture built by a third party, and that AI-driven vulnerability discovery is accelerating the exposure of flaws in all software, not just in the crypto space. He believes that zero-knowledge systems like Midnight are long-term solutions, replacing the need to trust cross-chain bridge operators and multi-signature mechanisms with cryptographic proofs.