CoinDesk·3 min read·hard
Midnight token rebounds 19% after Wanchain bridge hack, Hoskinson calls for ZK revamp
O
Oliver Knight
✦AI Summary
The Midnight token price rebounded after a hack on the Wanchain bridge resulted in the theft of 290 million tokens. Charles Hoskinson addressed the incident, emphasizing the need for zero-knowledge systems to replace vulnerable bridge architectures.
NIGHT fell roughly 43% after 290 million tokens were stolen and dumped through a legacy Wanchain bridge on the Binance-Cardano corridor. The token has since bounced nearly 19% in 24 hours, trading around $0.022. Hoskinson pushed back at coverage that focused only on the crash. "Magically, they forget to mention the rebound," he posted on X .
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