515M NIGHT Moved: What We Know About the Wanchain Bridge Incident

A developing Wanchain bridge incident appears to have moved 515 million bridged NIGHT tokens into the Cardano ecosystem, with rapid selling across Cardano DEXs and a sharp fall in the NIGHT price.

Peter walks through the early on-chain analysis, the Midnight Foundation's warning, why this appears localised to bridge infrastructure rather than Midnight or Cardano itself, and why bridge risk remains one of crypto's biggest attack surfaces.

Chapters:

0:00 Wanchain Bridge Anomaly

1:13 NIGHT Price Drop

1:56 Midnight's Official Warning

3:02 Who Is Affected

3:33 515M NIGHT Movement

4:40 On-Chain Flow

5:42 DEX Selling And Exits

6:13 Liqwid Borrowing Move

7:02 Monitoring The Fallout