Midnight token rebounds 19% after Wanchain bridge hack, Hoskinson calls for ZK revamp
CoinDesk·
60-second summary
The Midnight token rebounds 19% after a Wanchain bridge hack briefly sent NIGHT to an all-time low, underscoring concerns about legacy bridge infrastructure. Charles Hoskinson calls for a zero-knowledge (ZK) revamp, emphasizing the need for more secure solutions. This hack highlights the vulnerability of existing bridges, impacting investor confidence in the space.
Charles Hoskinson says the exploit, which briefly sent NIGHT to an all-time low, underscores why the industry needs to move beyond legacy bridge infrastructure.