Midnight’s NIGHT token staged a sharp recovery after plunging to an all-time low following a bridge exploit earlier this week, with Charles Hoskinson using the incident to argue for rethinking crypto security from the ground up.
NAT dropped around 43% after 290 million tokens were stolen and dumped through an old Wanchain bridge on the Binance-Cardano corridor. The token has since jumped nearly 19% in 24 hours to trade around $0.022. Hoskinson pushed back at coverage that focused only on the crash. “They magically forget to mention rebound,” he wrote on X.
Hoskinson described the hack as a “case of the Mondays” in an interview with CoinDesk, but acknowledged its seriousness in the wider context.
“All software is under this huge attack,” he said, pointing to a rise in Linux kernel vulnerabilities that he attributed to AI-powered exploit discovery. He was blunt about the limits of even well-built systems: “It’s like being 90% resistant to a deadly disease. If you’re exposed to it enough, eventually you’ll still get the disease.”
