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Photo: CryptoWallet.com Images / Wikimedia Commons (CC BY 2.0)

Wanchain Cardano Bridge Exploited, $10M NIGHT Stolen

The Wanchain Cardano-to-BNB Chain bridge was exploited, draining about 515.2 million NIGHT from the Cardano-side treasury and triggering a sharp drop in NIGHT’s price, with BlockSec pointing to a possible signature-reuse vulnerability in the TreasuryCheck validator. The Midnight Foundation and investigators say the core Midnight network remains secure and that the issue lies with third-party bridge infrastructure, while the investigation is ongoing and multiple analyses point to an encoding flaw that could allow different data to produce the same signed message.

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Photo: Steve Jurvetson from Los Altos, USA / Wikimedia Commons (CC BY 2.0)

Base plans 1:1-backed tokenized US equities launch

Base is close to launching 1:1-backed tokenized U.S. equities on its Ethereum Layer-2, with underlying shares held in custody and dividend passage, signaling a shift from its earlier social-token focus to broader financial applications. The effort places Base in a race with Robinhood Chain and comes amid regulatory progress and Coinbase-backed ambitions to expand on-chain real-world asset infrastructure.

8 sources

Photo: TechCrunch / Wikimedia Commons (CC BY 2.0)

Worldcoin ETF S-1 filed by Grayscale

Grayscale has filed an S-1 with the SEC to launch a spot Worldcoin ETF that would hold WLD directly and trade on Nasdaq as GWLD, with shares issued in 10,000-share creation blocks and a passive, non-leveraged structure. The filing names custodians and administrators (BitGo Bank & Trust, Bank of New York Mellon, CSC Delaware Trust) and notes that details like fees and seed investment will be provided in later amendments, with final listing contingent on SEC approval and a 19b-4 rule change.

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