Midnight token NIGHT rebounded 19% after a Wanchain bridge exploit briefly sent it to an all-time low, according to CoinDesk. Charles Hoskinson said the incident showed why the crypto industry needs to move away from legacy bridge infrastructure. He tied the exploit to a broader call for a revamp in zero-knowledge, or ZK, systems rather than continued reliance on older cross-chain bridge designs. The report was written by Oliver Knight and edited by Jamie Crawley. CoinDesk published the story on July 22, 2026. The article frames the attack as both a market event for NIGHT and a technical warning about bridge architecture still widely used across the industry.
Midnight token NIGHT rebounded 19% after a Wanchain bridge hack briefly pushed the token to an all-time low, according to CoinDesk.
Charles Hoskinson said the exploit showed why the crypto industry needs to move beyond legacy bridge infrastructure.
Hoskinson ties the exploit to a ZK reset
CoinDesk reported that Hoskinson called for a revamp in zero-knowledge technology after the incident. The exploit briefly sent NIGHT to a record low before the token recovered.
The story was written by Oliver Knight, edited by Jamie Crawley, and published on July 22, 2026.
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