Midnight’s NIGHT token saw a strong recovery after falling to an all-time low following a bridging exploit earlier this week, and Charles Hoskinson used the incident to make a broader case for rethinking crypto security from the ground up.
NIGHT dropped approximately 43% after 290 million tokens were stolen and dumped across a legacy Wanchain bridge on the Binance-Cardano corridor. Since then, the token has bounced almost 19% in 24 hours, trading around $0.022. Hoskinson rejected coverage that focused solely on the crash. “Magically they forget to mention the rebound,” he posted on X.
Hoskinson described the hack as a “Monday case” in an interview with CoinDesk, but acknowledged its seriousness in a broader context.
“All software is under this huge attack,” he said, pointing to an increase in Linux kernel vulnerabilities that he attributed to AI-driven exploit discovery. He was blunt about the limits of even well-built systems: “That’s like having 90% resistance to a deadly disease. If you’re exposed to it enough, you’ll still eventually get the disease.”
