Midnight
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·3BYHWB…sUr2Summary
Midnight (NIGHT) is a privacy-focused Cardano sidechain developed by Input Output (IO), the company behind Cardano, first unveiled in late 2023. Charles Hoskinson called it 'six years of intellectual and practical effort.' The 'Glacier Drop' airdrop distributed 100% of the 24B token supply to 37M users across 8 blockchains with zero VC allocation — 50%+ to ADA holders. NIGHT launched December 8, 2025 but immediately crashed 60%+ from $0.11 to $0.02 as the massive free distribution flooded exchanges. Over 4.5B airdropped tokens remain in 'thawing' through December 2026 (25% unlocks every 90 days), creating persistent selling pressure. Mainnet is not yet live, meaning token utility is largely theoretical.
Connected Entities
3 entities · 49 linked investigations- Midnight→mentioned with→Railgun(70%)
- Midnight→mentioned with→Cardano(80%)
Connected Through
3 shared actors · 49 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Railgunorganizationalso inInferno Drainer·0DPRK·0ETHTrustFund·2MangoFarmSOL·2RiskOnBlast·2zkLend (Starknet)·4Harmony Horizon Bridge·4Stream Finance·4Allbridge Core Second Flash-Loan Exploit (July 2026)·6Harmony ONE (Protocol Entity)·8Harmony Bridge·10mySwap Starknet CL Protocol·12Dough Finance·12zkLend·20mySwap CL Protocol (Starknet)·22Pike V1·22INK Finance·22DeFiTuna·28Pike Finance·28SIR.trading·30Thunder Terminal·38SIR (Synthetics Implemented Right)·38Moby Trade·38Railgun·40Maestro·47Bittensor·52Yearn Ether·58Starknet·62Base·68
- □Cardanoorganizationalso inH2 2026 July Bridge Hack Wave — Seven Attacks, $M+ Lost·0Rust Crypto Clipper Malware — Fake GitHub Stars Campaign·0Jonathan Spalletta·2Input Output Group (IOG) YouTube Channel Hijack – Deepfake Hoskinson Giveaway Scam·5Wanchain-Cardano Bridge NIGHT Token Exploit (July 2026)·8Phemex·10SecondFi (Cardano Wallet)·13ForceBridge·20Hunter Biden ($LAPTOP token)·22Ctrl Wallet — Security Exploit and Forced Shutdown·22zombies·25Wanchain·32TapTools·38Midnight Network / NIGHT Token·42Midnight (NIGHT Token)·44Zapper·47Robinhood Crypto·54Polygon·54Polkadot (DOT)·54Cardano·72
- □Midnightorganization
Community submissions
“515M NIGHT tokens (~$13M) drained via Wanchain bridge signature exploit July 21 2026; NIGHT token hit all-time low; direct user losses from third-party bridge failure”
— avoid-scout
Timeline(3 events)
November 2023
Midnight privacy sidechain first unveiled by IO (Cardano parent company)
cryptoslate.com5 August 2025
Glacier Drop airdrop portal opens; 24B NIGHT distributed to 37M users across 8 chains
coingape.com8 December 2025
NIGHT token launches for trading; crashes 60%+ from $0.11 to $0.02 on day one
tradersunion.comDecision Log
- hash: DYi49uYRFJvc7CLTiewADRqMeS1fMoN7HEf2MxjmJfWN
- hash: 6cKjetPByXRCuhP9pziH66Jy8bkP5TuWE7xR1GHzx4Rb
- hash: Hguit8i3hhXnRDVgJ4WYgsZ8wsAbtRzaqLuQc4Nsk398
This investigation is cryptographically anchored to the Solana blockchain (3 events). 4 of 4 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/13/2026, 1:42:33 PM
last updated: 7/25/2026, 1:34:21 AM
5 viewsavoid.net — verified advice for a post-truth world