Audit log

Every state-changing event for Midnight (NIGHT Token): moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-07-27 17:14:19Z
   Score: ? → ? (no score change)
   anchorpending

   chain

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   8JNRVni6wkyK…3prNSHgQcopysha256 → base58

   verifying row…

   canonical bytes (26001 B) ▸

   {"actor":"system:backfill","investigation_id":"218911ca-385a-47de-bcf3-b74916c5fa74","kind":"publish","page_slug":"midnight-night-token","published_at":"2026-07-27T17:14:19.387Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Midnight (NIGHT Token)","sections":[{"content":"Midnight is a privacy-preserving Layer 1 blockchain developed by Input Output Global (IOG), the blockchain research and engineering company founded by Charles Hoskinson, known as a co-founder of Ethereum and the founder of Cardano. The project is positioned as a Cardano partner chain rather than a competitor, designed to offer confidential smart contracts and selective data disclosure using zero-knowledge proofs (ZK-SNARKs). It is overseen by the Midnight Foundation, a Cayman Islands entity led by president Fahmi Syed. The project's official domain is midnight.network. Midnight formally launched its federated mainnet on approximately March 30-31, 2026, initiating what the project calls its Kukolu phase. IOG reports investing over $100 million into Midnight's development, infrastructure, and ecosystem growth. Unlike traditional privacy coins such as Monero or Zcash, Midnight's stated design philosophy is 'principled disclosure' — users prove facts without exposing underlying sensitive data, intended to facilitate compliance with frameworks such as GDPR and HIPAA.","heading":"Project Overview and Background","severity":"low","sources":[{"credibility":2,"name":"What Is Midnight Crypto? A Privacy Blockchain Project With Ties to Cardano — CoinCodex","type":"news_article","url":"https://coincodex.com/article/79100/what-is-midnight-crypto/"},{"credibility":1,"name":"Midnight — Input Output (IOG official page)","type":"official","url":"https://www.iog.io/midnight"},{"credibility":1,"name":"Midnight Network — Official Site","type":"official","url":"https://midnight.network/"},{"credibility":2,"name":"Inside Midnight Network: Rational Privacy for the Real World — BeinCrypto","type":"news_article","url":"https://beincrypto.com/learn/midnight-network-explained/"}]},{"content":"Midnight is developed by IOG, which has a long public track record as the builder of the Cardano blockchain. Charles Hoskinson, IOG's CEO, has been publicly vocal about Midnight's development goals and security philosophy. The day-to-day governance of NIGHT token distribution and the Midnight Foundation's activities is led by Fahmi Syed, identified as president of the Midnight Foundation. The Foundation is incorporated in the Cayman Islands, which is a common but jurisdiction-specific entity structure used by many major crypto projects. IOG's research team has produced peer-reviewed cryptographic work underpinning Midnight's ZK architecture, as documented in IOG's public research publications. No sanctions, regulatory actions, or criminal proceedings have been identified against IOG, the Midnight Foundation, Fahmi Syed, or Charles Hoskinson as of the date of this report.","heading":"Team and Organizational Structure","severity":"low","sources":[{"credibility":1,"name":"From research to reality — building Midnight on peer-reviewed foundations — IOG","type":"official","url":"https://www.iog.io/news/from-research-to-reality-building-midnight-on-peer-reviewed-foundations"},{"credibility":2,"name":"What Is Midnight (NIGHT)? Cardano Privacy Sidechain Explained — Gate.com","type":"news_article","url":"https://www.gate.com/learn/articles/what-is-midnight-cardano-privacy-blockchain"}]},{"content":"NIGHT has a fixed maximum supply of 24 billion tokens, with approximately 16.6 billion in circulation as of mid-2026. The project launched its Token Generation Event (TGE) on December 9, 2025. Distribution occurred primarily via the 'Glacier Drop' airdrop mechanism, allocating tokens across eight major blockchain ecosystems. The Glacier Drop proceeded in three phases: Phase 1 (Claim Period, 60 days): eligible wallets holding at least $100 in native tokens at snapshot time could claim their allocation; Phase 2 (Scavenger Mine, 30 days): unclaimed tokens redistributed via a proof-of-work-like computational task mechanism; Phase 3 (Lost-and-Found): a four-year recovery window post-mainnet for original claimants who missed earlier windows. To mitigate supply shocks, NIGHT tokens unlock in four randomized installments over a 360-day period, described as a 'thawing mechanism.' The Glacier Drop and Scavenger Mine reportedly allocated 4.5 billion NIGHT to over 8 million addresses. The dual-token model pairs NIGHT (unshielded governance and staking token) with DUST (a private, non-tradable resource generated by NIGHT holdings that pays for network transactions). DUST is not tradeable, which limits speculation-driven instability on the fee side. As of July 27, 2026, NIGHT trades at approximately $0.022 with a reported market capitalization between $316 million and $648 million depending on the source methodology (CoinGecko vs. CoinMarketCap). No explicit public breakdown of team/foundation/investor token allocation percentages was identified in verifiable sources; the tokenomics whitepaper was noted to exist but detailed allocation tables were not confirmed by Tier 1 sources.","heading":"Tokenomics and Token Distribution","severity":"medium","sources":[{"credibility":1,"name":"Midnight Network Reveals NIGHT Tokenomics and Glacier Drop Airdrop Mechanism — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2025/06/23/midnight-network-unveils-night-tokenomics-glacier-drop-airdrop-mechanism"},{"credibility":1,"name":"Midnight Tokenomics and Incentives Whitepaper (June 2025, v1.0) — Official PDF","type":"official","url":"https://45047878.fs1.hubspotusercontent-na1.net/hubfs/45047878/Midnight-Tokenomics-And-Incentives-Whitepaper.pdf"},{"credibility":2,"name":"Midnight Opens Redemptions for 4.5B+ NIGHT Tokens After Record-Breaking Distribution Event — HackerNoon","type":"news_article","url":"https://hackernoon.com/midnight-opens-redemptions-for-45b-night-tokens-after-record-breaking-distribution-event"},{"credibility":2,"name":"Midnight Price Today — CoinGecko","type":"other","url":"https://www.coingecko.com/en/coins/midnight-3"},{"credibility":2,"name":"Midnight NIGHT Token — CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/midnight-network/"}]},{"content":"On July 21, 2026, a significant security exploit was executed against the Wanchain-operated cross-chain bridge connecting Cardano and BNB Chain. Approximately 515.2 million NIGHT tokens, valued at approximately $10-13 million, were drained in four transactions completed within an eight-minute window. The attacker subsequently liquidated roughly 90% of the stolen tokens through decentralized exchange (DEX) swaps. According to blockchain security firm BlockSec Phalcon, the root cause was a non-injective signed-message encoding flaw in the bridge's TreasuryCheck validator: the bridge concatenated 14 variable-length redeemer fields without separators or length identifiers, enabling signature reuse attacks. BlockSec noted: 'The same signature was reused on Cardano to extract 203,001,692 NIGHT — a ~65,000x inflation via field-boundary ambiguity.' The stolen tokens represented approximately 97% of the bridge's NIGHT reserves. The NIGHT token price declined 30-43% intraday, reaching a new all-time low near $0.016-$0.0195 per token. The Midnight Foundation issued a statement emphasizing that 'this appears to relate to cross-chain bridge operations and not the Midnight itself,' and confirmed the core Layer 1 protocol, validators, and consensus mechanism were uncompromised. Wanchain took the bridge offline while investigating. Within 24 hours, NIGHT rebounded approximately 19%, trading around $0.022. Charles Hoskinson commented that 'all software is under enormous assault' and advocated for ZK-based systems as a long-term replacement for trust-based bridge designs. Importantly, the vulnerability resided in Wanchain's third-party bridging infrastructure, not in Midnight's own codebase or smart contracts.","heading":"Wanchain Bridge Exploit (July 2026) — Critical Security Incident","severity":"critical","sources":[{"credibility":2,"name":"Wanchain Cardano Bridge Exploited, Hackers Stole $10M in NIGHT Tokens — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/07/21/wanchain-cardano-bridge-exploited-hackers-stole-10m-in-night-tokens/"},{"credibility":2,"name":"Cardano: Midnight Crashes 35% After 515M NIGHT Exploit Rocks Wanchain Bridge — The Crypto Basic","type":"news_article","url":"https://thecryptobasic.com/2026/07/21/cardano-midnight-crashes-35-after-515m-night-exploit-rocks-wanchain-bridge/"},{"credibility":2,"name":"Wanchain Bridge Hack Drains $13M in NIGHT Tokens, Cardano Midnight Network Remains Secure — TokenPost","type":"news_article","url":"https://www.tokenpost.com/news/investing/22221"},{"credibility":2,"name":"Midnight Token Falls After $13M Wanchain Bridge Exploit — Bitcoinist","type":"news_article","url":"https://bitcoinist.com/midnight-token-falls-13m-wanchain-bridge-exploit/"},{"credibility":1,"name":"Midnight's NIGHT token rebounds 19% after Wanchain bridge hack — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2026/07/22/midnight-token-rebounds-after-wanchain-bridge-hack-hoskinson-calls-for-industry-overhaul"},{"credibility":2,"name":"Wanchain Bridge Breach Sends Midnight Token to All-Time Low — BeinCrypto","type":"news_article","url":"https://beincrypto.com/midnight-night-wanchain-bridge-exploit/"}]},{"content":"Multiple phishing campaigns exploiting the Midnight brand have been documented. In an early incident that predated the NIGHT token launch, scammers created fake Twitter/X accounts impersonating well-known Cardano community figures — including an impersonator of the account @cardano_whale — and directed followers to fraudulent websites offering to exchange ADA for DUST tokens. Victims who engaged had their wallets drained. Cardano development team member Tim Harrison publicly warned: 'this is a scam site being pushed by a bot-supported impersonator of the legit and much loved @cardano_whale,' and emphasized that Midnight had not yet launched any token at the time. The Eternl wallet also issued warnings about multiple fraudulent Midnight-related sites circulating simultaneously. Following the mainnet launch and increased public interest in 2026, additional waves of scams emerged, including fake airdrop sites, phishing links, and impersonated support agents. The official Midnight airdrop portal was confirmed as claim.midnight.gd, and the project warned users against downloading third-party software or sharing private keys. These phishing operations are third-party fraud exploiting Midnight's brand; they do not implicate Midnight's core protocol or IOG. However, the volume and persistence of scam activity is a notable risk factor for retail participants.","heading":"Phishing Scams and Impersonation Activity","severity":"high","sources":[{"credibility":2,"name":"Cardano Scam Alert: Impersonators Use Privacy Token Midnight's Fake Site to Drain Wallets — U.Today","type":"news_article","url":"https://u.today/cardano-scam-alert-impersonators-use-privacy-token-midnights-fake-site-to-drain-wallets"},{"credibility":2,"name":"Cardano Scam Alert: Impersonators Use Privacy Token Midnight's Fake Site to Drain Wallets — CryptoNews.net","type":"news_article","url":"https://www.cryptonews.net/news/security/17434359/"},{"credibility":3,"name":"XRP News Today: XRPL Validator Warns XRP Holders Over Midnight Airdrop Scams — ainvest","type":"news_article","url":"https://www.ainvest.com/news/xrp-news-today-xrpl-validator-warns-xrp-holders-midnight-airdrop-scams-2508/"}]},{"content":"Midnight's NIGHT token distribution smart contracts underwent a third-party security audit prior to TGE; however, the detailed audit report and the identity of the auditing firm had not been publicly released as of available information. The Midnight Foundation stated results 'will be published at a later date.' OpenZeppelin, a major smart contract security firm, announced a partnership with Midnight to develop an audited smart contract library for Compact (Midnight's TypeScript-based smart contract language), including equivalents of ERC-20, ERC-721, ERC-1155, and ERC-3643 standards. OpenZeppelin explicitly noted that the Compact contracts library is 'highly experimental' and warned developers 'not to use it in real-world projects yet.' Midnight's underlying cryptographic design relies on ZK-SNARKs and a dual-ledger architecture (public coordination layer and shielded execution layer) anchored to Cardano's proof-of-stake consensus. The Layer 1 protocol itself was not compromised in the July 2026 Wanchain bridge exploit. The non-disclosure of the NIGHT token distribution audit is a moderate concern; the experimental status of the OpenZeppelin Compact library suggests the smart contract development tooling ecosystem is immature relative to more established platforms.","heading":"Smart Contract and Protocol Security","severity":"medium","sources":[{"credibility":1,"name":"Build Secure Compact Smart Contracts on Midnight with OpenZeppelin — OpenZeppelin","type":"official","url":"https://www.openzeppelin.com/networks/midnight"},{"credibility":1,"name":"OpenZeppelin joins forces with Midnight to shape the future of privacy-preserving smart contracts — Midnight Blog","type":"official","url":"https://midnight.network/blog/openzeppelin-joins-forces-with-midnight-to-shape-the-future-of-privacy-preserving-smart"},{"credibility":1,"name":"OpenZeppelin Compact Contracts GitHub — Experimental","type":"other","url":"https://github.com/OpenZeppelin/compact-contracts"},{"credibility":1,"name":"Midnight TGE FAQ — Official","type":"official","url":"https://www.midnight.gd/faq"}]},{"content":"Following the release of Midnight's tokenomics whitepaper, community members raised concerns about the bridge architecture between Cardano and Midnight. Bliss Pool, a Cardano stake pool operator, highlighted sections in the tokenomics paper describing the bridge as initially one-way, from Cardano to Midnight. Critics warned this design could allow liquidity to leave Cardano without the ability to return, potentially draining Cardano's ecosystem resources. Hoskinson publicly rejected these characterizations, stating the one-way bridge is a temporary design phase, not permanent policy, and that the tokenomics paper discusses progressing to a bidirectional bridge. He characterized criticism as deliberate misrepresentation. The NIGHT token dropped approximately 7.34% following Hoskinson's public disclosure of operating losses across Cardano-affiliated entities. Additional concerns noted by the community include: lack of clarity on regulatory partners IOG is working with to ensure Midnight's compliance framework; ambiguity around DUST token distribution mechanics; and competitive pressure from more established ZK-proof platforms. These are community-level concerns largely from Tier 2-3 sources and should be treated as allegations pending formal resolution.","heading":"Community Concerns and Bridge Architecture Controversy","severity":"medium","sources":[{"credibility":2,"name":"Charles Hoskinson Reacts as Community Criticizes Cardano's Midnight — U.Today","type":"news_article","url":"https://u.today/charles-hoskinson-reacts-as-community-criticizes-cardanos-midnight"},{"credibility":2,"name":"IOG Flounders to Fend off Cardano Midnight Criticism — DailyCoin","type":"news_article","url":"https://dailycoin.com/iog-cardano-midnight-criticism/"},{"credibility":2,"name":"Midnight bridge debate intensifies after Hoskinson's response and CoinSpot listing — CryptoNews.net","type":"news_article","url":"https://cryptonews.net/news/altcoins/32664072/"},{"credibility":2,"name":"Charles Hoskinson Defends Cardano Midnight Bridge Plan — Blockonomi","type":"news_article","url":"https://blockonomi.com/charles-hoskinson-defends-cardano-midnight-bridge-plan/"}]},{"content":"Midnight's regulatory risk profile is lower than traditional privacy coins such as Monero or Zcash because the NIGHT token is itself fully transparent and unshielded. Privacy is implemented at the application layer via ZK proofs, not at the base transaction level. The project explicitly incorporates selective disclosure mechanisms intended to facilitate regulatory compliance (KYC/AML, GDPR, HIPAA). KuCoin reported that NIGHT experienced a price surge driven by positive market sentiment following a U.S. SEC Financial Regulation and Privacy Roundtable, suggesting institutional interest in compliant privacy solutions. No enforcement actions by the SEC, CFTC, DOJ, OFAC, or any other regulatory body against Midnight, IOG, or the Midnight Foundation have been identified as of the date of this report. However, the broader regulatory landscape for privacy-focused blockchain applications remains uncertain globally, and future regulatory interpretation of ZK-proof-based selective disclosure systems could affect exchange listings and institutional participation.","heading":"Regulatory Environment and Privacy Coin Risk","severity":"low","sources":[{"credibility":2,"name":"Why Midnight (NIGHT) Token Surged: SEC Privacy Regulation Impact Explained — KuCoin","type":"news_article","url":"https://www.kucoin.com/blog/en-why-night-token-surged-sec-privacy-regulation-impact-explained"},{"credibility":3,"name":"Three Reasons Project Midnight Survived When Privacy Coins Didn't — Crypto News Navigator","type":"news_article","url":"https://www.cryptonewsnavigator.com/academy/article/three-reasons-project-midnight-survived-when-privacy-coins-didnt"},{"credibility":2,"name":"Introducing Midnight: The Compliance-Ready, Privacy-First Blockchain — CoinMarketCap","type":"news_article","url":"https://coinmarketcap.com/academy/article/midnight-compliance-ready-privacy-first-blockchain"}]}],"sources_used":[{"credibility":1,"name":"Midnight Network — Official Site","type":"official","url":"https://midnight.network/"},{"credibility":1,"name":"Midnight — Input Output (IOG)","type":"official","url":"https://www.iog.io/midnight"},{"credibility":1,"name":"Midnight Tokenomics and Incentives Whitepaper v1.0","type":"official","url":"https://45047878.fs1.hubspotusercontent-na1.net/hubfs/45047878/Midnight-Tokenomics-And-Incentives-Whitepaper.pdf"},{"credibility":1,"name":"Midnight Network Reveals NIGHT Tokenomics and Glacier Drop — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2025/06/23/midnight-network-unveils-night-tokenomics-glacier-drop-airdrop-mechanism"},{"credibility":1,"name":"Midnight's NIGHT token rebounds 19% after Wanchain bridge hack — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2026/07/22/midnight-token-rebounds-after-wanchain-bridge-hack-hoskinson-calls-for-industry-overhaul"},{"credibility":2,"name":"Wanchain Bridge Hack Drains $13M in NIGHT Tokens — TokenPost","type":"news_article","url":"https://www.tokenpost.com/news/investing/22221"},{"credibility":2,"name":"Wanchain Cardano Bridge Exploited, Hackers Stole $10M in NIGHT Tokens — CryptoTimes","type":"news_article","url":"https://www.cryptotimes.io/2026/07/21/wanchain-cardano-bridge-exploited-hackers-stole-10m-in-night-tokens/"},{"credibility":2,"name":"Cardano: Midnight Crashes 35% After 515M NIGHT Exploit Rocks Wanchain Bridge — The Crypto Basic","type":"news_article","url":"https://thecryptobasic.com/2026/07/21/cardano-midnight-crashes-35-after-515m-night-exploit-rocks-wanchain-bridge/"},{"credibility":2,"name":"Midnight Token Falls After $13M Wanchain Bridge Exploit — Bitcoinist","type":"news_article","url":"https://bitcoinist.com/midnight-token-falls-13m-wanchain-bridge-exploit/"},{"credibility":2,"name":"Wanchain Bridge Breach Sends Midnight Token to All-Time Low — BeinCrypto","type":"news_article","url":"https://beincrypto.com/midnight-night-wanchain-bridge-exploit/"},{"credibility":2,"name":"Cardano Scam Alert: Impersonators Use Privacy Token Midnight's Fake Site to Drain Wallets — U.Today","type":"news_article","url":"https://u.today/cardano-scam-alert-impersonators-use-privacy-token-midnights-fake-site-to-drain-wallets"},{"credibility":2,"name":"Cardano Scam Alert — CryptoNews.net","type":"news_article","url":"https://www.cryptonews.net/news/security/17434359/"},{"credibility":2,"name":"Charles Hoskinson Reacts as Community Criticizes Cardano's Midnight — U.Today","type":"news_article","url":"https://u.today/charles-hoskinson-reacts-as-community-criticizes-cardanos-midnight"},{"credibility":2,"name":"IOG Flounders to Fend off Cardano Midnight Criticism — DailyCoin","type":"news_article","url":"https://dailycoin.com/iog-cardano-midnight-criticism/"},{"credibility":1,"name":"Build Secure Compact Smart Contracts on Midnight with OpenZeppelin — OpenZeppelin","type":"official","url":"https://www.openzeppelin.com/networks/midnight"},{"credibility":1,"name":"OpenZeppelin Compact Contracts — GitHub","type":"other","url":"https://github.com/OpenZeppelin/compact-contracts"},{"credibility":2,"name":"Why Midnight (NIGHT) Token Surged: SEC Privacy Regulation Impact Explained — KuCoin","type":"news_article","url":"https://www.kucoin.com/blog/en-why-night-token-surged-sec-privacy-regulation-impact-explained"},{"credibility":2,"name":"What Is Midnight Crypto? A Privacy Blockchain Project With Ties to Cardano — CoinCodex","type":"news_article","url":"https://coincodex.com/article/79100/what-is-midnight-crypto/"},{"credibility":2,"name":"Midnight Network Guide to Programmable Privacy — CoinGecko","type":"news_article","url":"https://www.coingecko.com/learn/midnight-network-guide-programmable-privacy"},{"credibility":2,"name":"Midnight Price Today — CoinGecko","type":"other","url":"https://www.coingecko.com/en/coins/midnight-3"},{"credibility":2,"name":"Midnight NIGHT Token — CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/midnight-network/"},{"credibility":2,"name":"Midnight Opens Redemptions for 4.5B+ NIGHT Tokens — HackerNoon","type":"news_article","url":"https://hackernoon.com/midnight-opens-redemptions-for-45b-night-tokens-after-record-breaking-distribution-event"},{"credibility":1,"name":"Midnight TGE FAQ — Official","type":"official","url":"https://www.midnight.gd/faq"},{"credibility":1,"name":"Midnight NIGHT Token Official Page","type":"official","url":"https://midnight.network/night"}],"summary":"Midnight is a privacy-focused Layer 1 blockchain developed by Input Output Global (IOG), the engineering firm behind Cardano, and overseen by the Cayman-based Midnight Foundation. It uses zero-knowledge proofs and a dual-token model (NIGHT and DUST) to offer selective data disclosure for compliant private smart contracts. The NIGHT token launched in December 2025 with a 24 billion fixed supply; in July 2026, a third-party Wanchain bridge connecting Cardano to BNB Chain was exploited for approximately 515 million NIGHT tokens (~$10-13 million), crashing the token price 30-43% to an all-time low, though Midnight's core Layer 1 protocol was not compromised.","timeline":[{"date":"2025-06-23","event":"Midnight Network publicly reveals NIGHT tokenomics and the Glacier Drop airdrop mechanism via CoinDesk.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2025/06/23/midnight-network-unveils-night-tokenomics-glacier-drop-airdrop-mechanism"},{"date":"2025-07-10","event":"OpenZeppelin announces a partnership with Midnight to develop audited Compact smart contract libraries for the platform.","source":"The Crypto Basic","source_url":"https://thecryptobasic.com/2025/07/10/cardano-founder-welcomes-as-openzeppelin-unveils-compact-contracts-for-midnight/"},{"date":"2025-12-09","event":"NIGHT token officially launches trading at 10:00 UTC, with exchange listings on major platforms.","source":"Midnight TGE Guide","source_url":"https://www.midnight.gd/news/guide-to-the-night-token-launch-and-redemption"},{"date":"2025-12-10","event":"Glacier Drop thawing schedule begins; Midnight opens redemptions for 4.5 billion+ NIGHT tokens after Phase 1 and Phase 2 of the distribution event.","source":"HackerNoon","source_url":"https://hackernoon.com/midnight-opens-redemptions-for-45b-night-tokens-after-record-breaking-distribution-event"},{"date":"2026-03-30","event":"Midnight federated mainnet (Kukolu phase) officially launches.","source":"Midnight Network Blog — State of the Network January 2026","source_url":"https://midnight.network/blog/state-of-the-network-january-2026"},{"date":"2026-07-20","event":"Alleged phishing campaigns impersonating Midnight and offering fake DUST token exchanges begin circulating, draining wallets of Cardano community members. Tim Harrison of Cardano issues a public warning.","source":"U.Today","source_url":"https://u.today/cardano-scam-alert-impersonators-use-privacy-token-midnights-fake-site-to-drain-wallets"},{"date":"2026-07-21","event":"Wanchain-operated Cardano-to-BNB Chain bridge is exploited via a non-injective signed-message encoding vulnerability (TreasuryCheck validator). Approximately 515.2 million NIGHT tokens (~$10-13 million) are drained in four transactions within 8 minutes. NIGHT token price drops 30-43% to a record low. Wanchain takes the bridge offline. Midnight Foundation confirms its Layer 1 is unaffected.","source":"CoinDesk / CryptoTimes / Bitcoinist","source_url":"https://www.coindesk.com/business/2026/07/22/midnight-token-rebounds-after-wanchain-bridge-hack-hoskinson-calls-for-industry-overhaul"},{"date":"2026-07-22","event":"NIGHT token rebounds approximately 19% within 24 hours of the exploit, trading around $0.022. Charles Hoskinson calls for an industry overhaul replacing bridge trust assumptions with ZK-proof systems.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2026/07/22/midnight-token-rebounds-after-wanchain-bridge-hack-hoskinson-calls-for-industry-overhaul"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision db7bc38a-85ac-46d9-9923-8098fedfcb80copy