🌙 Midnight Massacre – Bridge Exploit Drains 515M NIGHT
$NIGHT Cardano's privacy token NIGHT just got hit hard.
A Wanchain bridge connecting Cardano to BNB Chain was exploited on July 21, draining 515 million NIGHT (~$9M) from the bridge treasury. The attacker found a way to reuse signatures and emptied the reserves.
The aftermath:
· NIGHT crashed 32% to a new all-time low of **0.019
· Market cap dropped 27% to $324M
· Trading volume exploded 829% to $131M – panic selling in full force
· RSI plunged to 17 – deep in oversold territory
The attacker dumped 290M NIGHT on Cardano DEXs and likely holds more.
The twist? Midnight Foundation clarified the network itself was not compromised – only the third-party bridge.
The opportunity? Bridge exploits often create panic bottoms. But with 515M NIGHT still in play and wrapped NIGHT on BNB now unbacked, the risk is real.
Sometimes fear creates the best entries. Sometimes it's just the beginning. 💎
#NIGHT #Midnight #Cardano #CryptoHack #Altcoins