NIGHT token rebounds 19% after Wanchain hack exposes bridge risks

NIGHT clawed back part of its losses after a hack hit the Wanchain bridge and briefly dragged the token to an all-time low, even as the attack revived scrutiny of one of crypto’s weakest links.

Charles Hoskinson said the exploit shows why the industry needs to move beyond legacy bridge infrastructure and toward newer zero-knowledge, or ZK, systems. In plain terms, bridges are the pipes that move assets between blockchains, and they have long been a frequent target for thieves because they concentrate value in one place.

The token’s rebound did not erase the damage from the earlier sell-off. NIGHT had plunged when the bridge exploit surfaced, then recovered 19% as traders stepped back in, according to the source report. That kind of move often follows a sharp shock, when prices overshoot on the downside and buyers return once the initial panic eases.

Bridge hacks remain a live risk for crypto markets because they can disrupt confidence in tokens tied to cross-chain infrastructure. Wanchain’s case is the latest reminder that technical failure, not just market mood, can drive a violent intraday move. For NIGHT, that means trading may stay jumpy until the market has a clearer read on the scope of the exploit and any response from the project.

Hoskinson’s comments also add weight to a broader debate inside the industry. Zero-knowledge systems are designed to verify information without exposing the underlying data, and backers say they can reduce reliance on older bridge models that have repeatedly broken down under attack.

For traders, the next watch item is straightforward: any official update on the exploit, recovery steps, or whether the bridge is fully restored. Until then, NIGHT is likely to stay sensitive to headline risk and to any fresh signs that the damage from the hack is bigger than first believed.