515M NIGHT Moved: What We Know About the Wanchain Bridge Incident
About this episode
The episode discusses the Wanchain bridge incident involving the movement of 515 million NIGHT tokens into the Cardano ecosystem and its implications.
A developing Wanchain bridge incident appears to have moved 515 million bridged NIGHT tokens into the Cardano ecosystem, with rapid selling across Cardano DEXs and a sharp fall in the NIGHT price. Peter walks through the early on-chain analysis, the Midnight Foundation's warning, why this appears localised to bridge infrastructure rather than Midnight or Cardano itself, and why bridge risk remains one of crypto's biggest attack surfaces. Chapters: 0:00 Wanchain Bridge Anomaly 1:13 NIGHT Price Drop 1:56 Midnight's Official Warning 3:02 Who Is Affected 3:33 515M NIGHT Movement 4:40 On-Chain Flow 5:42 DEX Selling And Exits 6:13 Liqwid Borrowing Move 7:02 Monitoring The Fallout 8:18 What Is Still Unknown 8:48 Developing Story Wrap Up What you'll learn: - The incident appears to involve the Wanchain Cardano-to-BNB bridge and bridged NIGHT, not the Midnight network itself. - Early analysis points to 515 million NIGHT tokens moving from a two-year-old contract, representing about 2% of supply. - One wallet reportedly sold hundreds of millions of NIGHT across Cardano DEXs, while another wallet remained active with a large balance. - Some DEX and bridge operators responded by pausing…
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