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Project Overview
Midnight is a Web3 games company on a mission to build games with "eternal stories" and never-ending experiences that keep players coming back. Midnight's games will come with a Web3-based forging system.
Empowa Suffers Unauthorized Transfer Incident, Approximately 4.24 Million EMP and 143,700 ADA Stolen
Empowa, a Cardano ecosystem project, disclosed two interrelated unauthorized asset transfer incidents across its three project wallets. Between November 2025 and June 2026, approximately 143,710 ADA were transferred out of one project treasury wallet in 18 transactions. The corresponding Midnight airdrop for this wallet was also registered and claimed by an unknown party using the private key, with approximately 36,000 NIGHT already transferred away. From June 2026 to August 2026, a cumulative total of approximately 4.24 million EMP tokens were transferred out of the other two project wallets, with portions sold via platforms such as Minswap and VyFi. Empowa stated that the funds from both incidents ultimately flowed into the same intermediate wallet, indicating they are controlled by the same party, although the identity of the individuals operating these private keys cannot currently be confirmed. The team has hired a professional blockchain investigation firm and plans to seek KYC information from the centralized exchange where the related funds ultimately entered.
Delayed by Months, Monument Bank's £250M Retail Deposit Tokenization Project Affected by UK Regulatory Issues
Odaily News: Monument Bank has delayed its project to tokenize £250 million (approximately $330 million) in UK retail bank deposits by several months, as the bank was unable to find a local crypto custodian in the UK that meets Financial Conduct Authority (FCA) standards and can handle zero-knowledge privacy proofs. Monument Bank founder Mintoo Bhandari stated that the bank originally planned to tokenize customer deposits on the privacy-focused public blockchain Midnight, and expects it will take another two months, with a launch to retail customers in November. To meet regulatory requirements, the bank has expanded its search for custody partners overseas and has found an FCA-approved Canadian custodian.Midnight is a privacy-first Layer 1 blockchain project funded by Charles Hoskinson that uses zero-knowledge proofs to keep customer information within Monument's systems while allowing the bank to prove compliance on-chain and provide audit records to regulators. Monument Bank announced the project in March of this year, planning to offer tokenized private equity, structured products, and automated Lombard loans to "mass affluent" customers with investable assets between £50,000 and £5 million. Bhandari stated that customer deposits will continue to earn interest, be fully backed by Monument, redeemable 1:1 for pounds, and protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person or per company.
Midnight：Multiple Exchanges Including Binance Freeze Funds Involved in Cross-Chain Bridge Attack
the Midnight Foundation has provided an update on the handling of the cross-chain bridge attack event involving Wanchain Cardano and BNB. Multiple exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate, and MEXC have coordinated risk control actions, temporarily freezing the involved accounts and associated addresses, adding the hacker wallet to a blacklist, and pausing NIGHT token deposits and withdrawals as needed to curb the transfer and cashing out of stolen assets.The Foundation specifically noted that this security incident is an isolated incident related to a third-party cross-chain bridge, and the Midnight mainnet and native NIGHT assets have not been affected. The project team continues to collaborate with major exchanges and ecosystem partners to advance traceability investigations, reminding the community to rely on official disclosures for information and to be cautious of misinformation.
Empowa Suffers Unauthorized Transfer Incident, Approximately 4.24 Million EMP and 143,700 ADA Stolen
Empowa, a Cardano ecosystem project, disclosed two interrelated unauthorized asset transfer incidents across its three project wallets. Between November 2025 and June 2026, approximately 143,710 ADA were transferred out of one project treasury wallet in 18 transactions. The corresponding Midnight airdrop for this wallet was also registered and claimed by an unknown party using the private key, with approximately 36,000 NIGHT already transferred away. From June 2026 to August 2026, a cumulative total of approximately 4.24 million EMP tokens were transferred out of the other two project wallets, with portions sold via platforms such as Minswap and VyFi. Empowa stated that the funds from both incidents ultimately flowed into the same intermediate wallet, indicating they are controlled by the same party, although the identity of the individuals operating these private keys cannot currently be confirmed. The team has hired a professional blockchain investigation firm and plans to seek KYC information from the centralized exchange where the related funds ultimately entered.
Wanchain cross-chain bridge vulnerability leads to 290 million NIGHT tokens withdrawn; NIGHT recovers nearly 19% in 24 hours
Wanchain’s cross-chain bridge suffered a vulnerability attack on Monday, resulting in the withdrawal of 290 million NIGHT tokens. The price of NIGHT briefly dropped approximately 43% to an all-time low, before partially recovering nearly 19% within 24 hours. Charles Hoskinson stated that the issue originated from an outdated cross-chain bridge architecture built by a third party, and that AI-driven vulnerability discovery is accelerating the exposure of vulnerabilities across all software, not limited to the crypto space. He believes that zero-knowledge systems such as Midnight are long-term solutions, which can replace trust in cross-chain bridge operators and multi-signature mechanisms with cryptographic proofs.
NIGHT to Launch Soon on Bitget PoolX—Stake BTC and ETH to Unlock 9 Million NIGHT Tokens
According to the official announcement, Bitget PoolX will soon launch the NIGHT project, with a total airdrop of 9,000,000 NIGHT tokens. This campaign features two BTC staking pools and two ETH staking pools, each allocated 4,500,000 NIGHT tokens for the airdrop. Each asset offers both standard and dynamic staking pools; the dynamic pool’s tiered staking limit is unlocked based on the user’s trading volume over the past 15 days, and corresponding staking quotas are allocated accordingly. The staking window opens from April 14 at 19:00 to April 19 at 19:00 (UTC+8). Users with positive net BTC and ETH deposits during the campaign period will receive 5% BTC and 8% ETH yield-boost vouchers upon PoolX completion. Additionally, users who meet the net deposit requirement and participate in PoolX for the first time will receive 10% BTC and 15% ETH yield-boost vouchers. Net deposit calculations conclude at 19:00 on April 18 (UTC+8). For more details, please refer to the official Bitget platform.
Bitget CandyBomb: Trade any cryptocurrency to unlock the 600,000 NIGHT airdrop
Bitget has launched a new edition of CandyBomb with a total prize pool of 600,000 NIGHT tokens. New users can earn up to 6,000 NIGHT tokens each by completing tasks such as net deposits and futures trading. Detailed rules have been published on the official Bitget platform. Eligible users must click the “Join Now” button to register in order to participate. The campaign ends on April 16 at 19:00 (UTC+8).
SecondFi: Shortfall in restored NIGHT asset balances for some users; the difference will be compensated.
SecondFi announced that the team discovered that for some SecondFi or Yoroi wallet users who held NIGHT at the time of the incident, their asset recovery balances did not fully display the recoverable amount of the stolen assets, resulting in some users receiving insufficient NIGHT compensation. The related shortfall will be sent to the user's new target wallet. Users who have already submitted an asset recovery application do not need to reapply, while those who have not yet applied can proceed normally. The system is expected to correct the recoverable balance today.
SecondFi: Affected wallet holders should temporarily refrain from claiming NIGHT tokens.
Crypto wallet app SecondFi announced that some wallet holders affected by the security incident were originally scheduled to claim NIGHT tokens the following day. After consulting with the Midnight Foundation, it was confirmed that NIGHT token allocations can only be claimed via the original wallets; the system does not support switching to an unaffected wallet address for claims.
Empowa Suffers Unauthorized Transfer Incident, Approximately 4.24 Million EMP and 143,700 ADA Stolen
Empowa, a Cardano ecosystem project, disclosed two interrelated unauthorized asset transfer incidents across its three project wallets. Between November 2025 and June 2026, approximately 143,710 ADA were transferred out of one project treasury wallet in 18 transactions. The corresponding Midnight airdrop for this wallet was also registered and claimed by an unknown party using the private key, with approximately 36,000 NIGHT already transferred away. From June 2026 to August 2026, a cumulative total of approximately 4.24 million EMP tokens were transferred out of the other two project wallets, with portions sold via platforms such as Minswap and VyFi. Empowa stated that the funds from both incidents ultimately flowed into the same intermediate wallet, indicating they are controlled by the same party, although the identity of the individuals operating these private keys cannot currently be confirmed. The team has hired a professional blockchain investigation firm and plans to seek KYC information from the centralized exchange where the related funds ultimately entered.
Wanchain Proposes White Hat Settlement to Attacker, Allowing Them to Keep 10% as Bounty
Odaily News: Cross-chain infrastructure provider Wanchain has announced that it is proposing a white hat settlement to the attacker responsible for the July 20 exploit of the Wanchain Cardano cross-chain bridge, during which NIGHT tokens were stolen. The proposal requires the attacker to return 90% of the stolen NIGHT tokens before 20:00 Beijing time on August 6, and allows them to keep 10% as a white hat bounty. If the tokens are returned on time, Wanchain will regard the action as white hat behavior and will not pursue civil litigation.
Wanchain 遭黑客攻击 NIGHT 代币被盗，要求归还 90% 并承诺白帽豁免
据 Wanchain 官方 X 账号发文，2026 年 7 月 20 日，Wanchain Bridge Cardano 跨链桥遭到攻击，黑客盗取 NIGHT 代币。Wanchain 随即向攻击者发出公告，要求其在 8 月 6 日 UTC 12:00 前归还 90% 被盗 NIGHT 代币，可保留 10% 作为白帽赏金，并承诺不追究民事责任。 目前，有社区用户指出黑客已将 NIGHT 代币在 DEX 上完成兑换，NIGHT 代币价格下跌逾 30%，现报 0.0188 美元。
Wanchain cross-chain bridge vulnerability leads to 290 million NIGHT tokens withdrawn; NIGHT recovers nearly 19% in 24 hours
Wanchain’s cross-chain bridge suffered a vulnerability attack on Monday, resulting in the withdrawal of 290 million NIGHT tokens. The price of NIGHT briefly dropped approximately 43% to an all-time low, before partially recovering nearly 19% within 24 hours. Charles Hoskinson stated that the issue originated from an outdated cross-chain bridge architecture built by a third party, and that AI-driven vulnerability discovery is accelerating the exposure of vulnerabilities across all software, not limited to the crypto space. He believes that zero-knowledge systems such as Midnight are long-term solutions, which can replace trust in cross-chain bridge operators and multi-signature mechanisms with cryptographic proofs.
$2.3 Billion Outstanding Balance: Coinbase Crypto-Backed Loans Advance in Tandem with Onchain Bank Deposits
Coinbase's outstanding balance for crypto-backed loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside New York State can pledge Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network. On September 22, Coinbase added fixed-rate loans through Morpho Midnight, and pledgeable assets have expanded to XRP, DOGE, ADA, and LTC. As of mid-September 2026, floating-rate loans have exceeded $1.4 billion, backed by approximately $3 billion in collateral.JPMorgan's JPMD tokenized deposits have been running on Base for institutions since mid-2026, with Citi and BNY Mellon also advancing related initiatives, and multiple UK banks planning to launch related networks in 2027.
Coinbase Launches Fixed-Rate Term USDC Loans Backed by Bitcoin
Bitcoin News posted on X platform that Coinbase has launched fixed-rate, fixed-term USDC loans backed by Bitcoin through Morpho Midnight, allowing borrowers to obtain USDC without selling their Bitcoin.The interest rate and repayment date for this product are determined at the start of the loan; if the borrower fails to repay the USDC and interest by the maturity date, the collateralized Bitcoin may be liquidated. Coinbase's existing floating-rate Bitcoin-backed loans powered by Morpho have surpassed $1.4 billion in active or outstanding loan volume, with collateral value of approximately $3 billion.
Coinbase Launches Fixed-Rate Bitcoin-Collateralized USDC Loans, with Over $1.4 Billion in Active Loans
Odaily News: Coinbase has launched fixed-rate loans powered by the decentralized lending protocol Morpho, allowing users to borrow USDC against bitcoin and lock in the interest rate and repayment date at the start of the loan.This product marks the first enterprise-grade deployment of Morpho Midnight, with Coinbase handling the application experience, Morpho providing the credit infrastructure, and the Base network handling settlement.Coinbase's existing Morpho floating-rate loans have surpassed $1.4 billion in active volume, corresponding to approximately $3 billion in collateral. The business launched bitcoin-collateralized lending in early 2025 and later expanded collateral to assets such as XRP and Dogecoin. (Decrypt)
SecondFi: Affected wallet holders should temporarily refrain from claiming NIGHT tokens.
Crypto wallet app SecondFi announced that some wallet holders affected by the security incident were originally scheduled to claim NIGHT tokens the following day. After consulting with the Midnight Foundation, it was confirmed that NIGHT token allocations can only be claimed via the original wallets; the system does not support switching to an unaffected wallet address for claims.
Midnight 主网即将支持智能合约部署及隐私自定义代币
隐私公链 Midnight 首席技术官 Sebastien Guillemot 发文表示，Midnight 主网即将开放智能合约部署，并支持创建可在隐私账本与公开账本间交易的自定义代币。相关代币上线初期即可通过报价文件（Offer Files）用于部分去中心化金融（DeFi）场景，后续升级将通过可组合合约扩展更多应用。
Midnight is preparing to open smart contract deployment on the mainnet
privacy-focused public chain Midnight is preparing to open smart contract deployment on the mainnet.
Related news
SecondFi: Shortfall in restored NIGHT asset balances for some users; the difference will be compensated.
SecondFi announced that the team discovered that for some SecondFi or Yoroi wallet users who held NIGHT at the time of the incident, their asset recovery balances did not fully display the recoverable amount of the stolen assets, resulting in some users receiving insufficient NIGHT compensation. The related shortfall will be sent to the user's new target wallet. Users who have already submitted an asset recovery application do not need to reapply, while those who have not yet applied can proceed normally. The system is expected to correct the recoverable balance today.
9 Crypto Institutions Establish Quantum Alliance to Advance Blockchain Post-Quantum Standards Development
According to Decrypt, nine blockchain organizations including Quantus, Postquant Labs, Midnight Foundation, Keystone, Abelian, and Hacken have jointly established the Quantum Alliance, aiming to develop "quantum-ready" open standards and a unified methodology for testing the quantum-resistant capabilities of blockchain networks, wallets, and infrastructure.
$2.3 Billion Outstanding Balance: Coinbase Crypto-Backed Loans Advance in Tandem with Onchain Bank Deposits
Coinbase's outstanding balance for crypto-backed loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside New York State can pledge Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network. On September 22, Coinbase added fixed-rate loans through Morpho Midnight, and pledgeable assets have expanded to XRP, DOGE, ADA, and LTC. As of mid-September 2026, floating-rate loans have exceeded $1.4 billion, backed by approximately $3 billion in collateral.JPMorgan's JPMD tokenized deposits have been running on Base for institutions since mid-2026, with Citi and BNY Mellon also advancing related initiatives, and multiple UK banks planning to launch related networks in 2027.
About 6.04 million BTC face quantum exposure risk, 9 blockchain organizations form the Quantum Alliance
Odaily reports: Nine blockchain organizations announced on Thursday the formation of the Quantum Alliance, aimed at developing "quantum-ready" standards and establishing unified testing and validation methods for the quantum resilience of networks, wallets, and infrastructure.The Quantum Alliance operates by reference to the Internet Engineering Task Force (IETF), with founding participants spanning underlying protocols, privacy networks, Rollups, hardware wallets, and security auditing, including Quantus, Postquant Labs, Midnight Foundation, Keystone, Abelian, and Hacken. Its work is divided into four groups: blockchain migration, post-quantum zero-knowledge systems, wallet security, and cross-chain compatibility.The Quantum Alliance stated that elliptic curve signatures leave approximately 6.04 million BTC, about 30% of the total supply, exposed to quantum risk. If a sufficiently capable quantum computer runs Shor's algorithm, it could theoretically reverse-engineer private keys and take control of the related assets.Citing multiple forecasts, the Quantum Alliance said the relevant risk window may lie in the late 2020s, with one model marking March 2028 as an earlier window; a Google Quantum AI study lowered its estimate of the number of qubits needed to break Bitcoin's cryptography to fewer than 500,000. (Decrypt)
Coinbase Launches Fixed-Rate Term USDC Loans Backed by Bitcoin
Bitcoin News posted on X platform that Coinbase has launched fixed-rate, fixed-term USDC loans backed by Bitcoin through Morpho Midnight, allowing borrowers to obtain USDC without selling their Bitcoin.The interest rate and repayment date for this product are determined at the start of the loan; if the borrower fails to repay the USDC and interest by the maturity date, the collateralized Bitcoin may be liquidated. Coinbase's existing floating-rate Bitcoin-backed loans powered by Morpho have surpassed $1.4 billion in active or outstanding loan volume, with collateral value of approximately $3 billion.
Coinbase Launches Fixed-Rate Bitcoin-Collateralized USDC Loans, with Over $1.4 Billion in Active Loans
Odaily News: Coinbase has launched fixed-rate loans powered by the decentralized lending protocol Morpho, allowing users to borrow USDC against bitcoin and lock in the interest rate and repayment date at the start of the loan.This product marks the first enterprise-grade deployment of Morpho Midnight, with Coinbase handling the application experience, Morpho providing the credit infrastructure, and the Base network handling settlement.Coinbase's existing Morpho floating-rate loans have surpassed $1.4 billion in active volume, corresponding to approximately $3 billion in collateral. The business launched bitcoin-collateralized lending in early 2025 and later expanded collateral to assets such as XRP and Dogecoin. (Decrypt)