# Cardano Price Prediction: Midnight Hacked, Cardano Rally Canceled Security breach on Midnight bridge triggers ADA price drop. - **Source:** [News - Cryptonews](https://brifing.si/source/42333b6f-1c05-4a49-9914-7553e71d2223) - **Published:** 2026-07-22 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/5ce0370f-4bd3-4e4e-a95d-4dc807f5424a ## Midnight Bridge Exploited A security vulnerability was discovered in Cardano's Midnight bridge. Approximately 515 million NIGHT tokens were stolen via the Wanchain Cardano-to-BNB Chain bridge, causing a $9 million loss and raising trust concerns in the Cardano ecosystem. ## Technical Details of the Hack The attack stemmed from a signature encoding flaw in the TreasuryCheck validator, allowing attackers to reuse signatures for unauthorized withdrawals. While most bridge treasury funds were drained, the main blockchain and validators remained unaffected. ## NIGHT Token Collapse Following the hack, NIGHT token lost over 30% of its value, plummeting to $0.015. Although stolen tokens came from bridge reserves rather than user wallets, the distinction failed to prevent market panic as selling pressure spread rapidly. ## Impact on ADA Price ADA is trading at $0.1715, down 3% post-hack after a previous 7% rally. The coin now faces resistance in the $0.16-$0.20 range as investors reduce positions due to security concerns. Market sentiment remains fragile. ## Cardano's Path Forward Charles Hoskinson stated the hack underscores growing security threats in crypto. As Cardano expands its sidechain ecosystem, prioritizing security infrastructure will be crucial. Regaining investor confidence is key for ADA to reclaim $0.20. ## Crypto Security Wake-Up Call This incident reaffirms how critical bridge vulnerabilities are for crypto markets. Projects like Cardano must strengthen security frameworks to restore investor trust, especially when ecosystem expansion increases attack surfaces. ## Sources covering this story - https://cryptonews.com/news/cardano-price-prediction-midnight-hack/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._