Midnight’s $NIGHT token staged a sharp recovery after crashing to an all-time low following a bridge exploit earlier this week, with Charles Hoskinson using the incident to make a broader case for rethinking crypto security from the ground up.
$NIGHT fell roughly 43% after 290 million tokens were stolen and dumped through a legacy Wanchain bridge on the Binance-Cardano corridor. The token has since bounced nearly 19% in 24 hours, trading around $0.022. Hoskinson pushed back at coverage that focused only on the crash. “Magically, they forget to mention the rebound,” he posted on X.
Hoskinson described the hack as a “case of the Mondays” in an interview with CoinDesk but did acknowledge its seriousness in the broader context.
“All software is under this enormous assault,” he said, pointing to a surge in Linux kernel vulnerabilities he attributed to AI-powered exploit discovery. He was direct about the limits of even well-built systems: “That’s like being 90% resistant to a deadly disease. If you’re exposed to it enough, eventually you still catch the disease.”