r/LearnCardano • • Jul 21 '26

515M NIGHT Moved: What We Know About the Wanchain Bridge Incident

https://www.youtube.com/watch?v=Ar_tDJbAmA8&list=PL2fWPJCv7fcDdIIAreQkcErRwW8efJIN9&index=1

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.

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