The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InAmid persistent security challenges facing cross-chain protocols, updated data reveals that the exploit targeting the bridge between Cardano and BNB Chain on July 21, 2026, resulted in the theft of NIGHT tokens valued at approximately $13 million. According to reports, the attack targeted the bridge infrastructure to drain 515 million tokens, while the Midnight network confirmed its core infrastructure remains secure and unaffected by the bridge-specific vulnerability.
This incident adds to a series of high-profile crypto bridge exploits that have resulted in billions of dollars in losses over recent years, such as the Ronin bridge hack. Compared to initial estimates of $9 million, the revised $13 million figure intensifies concerns regarding interoperability solutions. Per market data, such security breaches often lead to temporary selling pressure on associated tokens as user confidence in security standards wavers.
Traders should monitor technical updates from BlockSec regarding the patching of the vulnerability, as specific price data for the NIGHT token was unavailable at the time of this report. Looking ahead at the economic calendar, the market awaits the U.S. Consumer Price Index (CPI) data on July 14, which could influence broader risk appetite in the digital asset space, alongside a speech by Governor Bailey of the Bank of England on the same day.