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CryptoMediumUpdated×4•Originally published 21 July 2026•Updated 21 July 2026•
2 min read

NIGHT Token Crashes 25% After Wanchain Bridge Exploit as Cardano (ADA) Gains 7%

Key Facts

1Wanchain's Cardano bridge was exploited for approximately 515M NIGHT tokens, valued at around $9M.
2Midnight stated that its core network remains secure despite the exploit targeting the bridge.

Reflecting a divergent market response to technical vulnerabilities, assets linked to the Cardano ecosystem saw sharp price movements following the Wanchain bridge exploit on July 21, 2026. According to reports, the theft of $13 million worth of NIGHT tokens (515 million units) left wrapped versions on the BNB Chain without full financial backing. Midnight network officials clarified that their core infrastructure remains secure, as the vulnerability was specific to the third-party Wanchain bridge architecture.

Market data revealed a clear decoupling between the affected asset and the network's native currency, as the NIGHT token price crashed by 25% following the exploit. Conversely, Cardano (ADA) rose by 7.1% to reach $0.175 on July 21, effectively ignoring the negative sentiment surrounding the external bridge breach. This incident underscores systemic risks in interoperability solutions, which have historically suffered massive losses such as the Ronin bridge exploit per market data.

Traders should closely monitor liquidity depth for NIGHT tokens on decentralized exchanges, while ADA stands at $0.175 (July 21, 2026). Looking ahead at the economic calendar, the market is focused on the U.S. Consumer Price Index (CPI) release on July 14, which is expected to drive broader risk sentiment in digital assets, alongside a scheduled speech by BoE Governor Bailey on the same day regarding the monetary policy outlook.