Wanchain
Summary
Wanchain is a blockchain interoperability project founded in 2017 by Jack Lu that operates cross-chain bridges connecting networks such as Ethereum, BNB Chain, and Cardano. On July 21, 2026, Wanchain's Cardano-to-BNB Chain bridge was exploited for approximately $10 million (515.2 million NIGHT tokens) due to a signature-reuse flaw in its TreasuryCheck validator, one of the larger cross-chain bridge exploits of 2026. The incident caused a 30-40% intraday crash in the price of NIGHT (the token of the Cardano-affiliated Midnight blockchain) and prompted Wanchain to take its bridge offline while the Midnight Foundation publicly distanced its core network from the breach.
Connected Entities
1 entities · 10 linked investigationsTimeline(5 events)
2017-10-01
Wanchain whitepaper released by founder Jack Lu; ICO reportedly raises approximately $36 million.
CryptoBriefing / project background reporting2025-12-01
Wanchain launches cross-chain bridge support connecting Cardano's NIGHT token to BNB Chain.
crypto.news2026-07-20
Attacker allegedly exploits signature-reuse flaw in Wanchain's TreasuryCheck validator; 515.2 million NIGHT tokens moved to attacker wallet across four transactions between 14:46-14:55 UTC.
The Crypto Basic / BlockSec analysis2026-07-21
BlockSec's Phalcon monitor publicly flags the exploit; Wanchain takes its bridge offline; Midnight Foundation issues statement isolating the incident to bridge infrastructure; NIGHT token price falls 30-40% intraday to a new all-time low.
CryptoTimesDecision Log
- #1publish⛓ pending7/22/2026, 1:50:00 AMhash: EnoCyhYMSsE1gPwbqta8cuw4LohnSq3FyTNMSMQHArH
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 7/22/2026, 1:47:55 AM
last updated: 7/22/2026, 1:49:59 AM
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