Wanchain Sets August 6 Deadline for Stolen NIGHT Token Return
Wanchain has given an attacker until August 6 to return approximately $13 million worth of stolen NIGHT tokens. The attack targeted Wanchain's Cardano-to-BNB Chain bridge, where around 515 million bridged NIGHT tokens were drained, representing about 97% of the bridge's reserves.
The funds were subsequently transferred across multiple wallets before large quantities were sold on decentralized exchanges, driving NIGHT to an all-time low. The Midnight Foundation emphasized that its blockchain, validator network, and consensus mechanism were not compromised, but rather the incident was confined to the third-party bridge infrastructure responsible for transferring wrapped versions of NIGHT between blockchains.
Wanchain has offered a limited-time settlement before escalating recovery efforts through law enforcement and public bounty programs. If the funds are not returned by 12:00 UTC on August 6, the company said it intends to pursue all available legal remedies while expanding efforts to identify the attacker.