Most of us with half a brain understand that the Secondfi hack and the more recent WanChain $NIGHT hack isn't a hack on the Night chain or the Cardano chain at the protocol level. But, that doesn't make victims feel really excited about rebuying their entire portfolio. Most of them will leave saying crypto is a scam and Cardano sucks. They are understandably angry. What we need to do is re-audit all the bridge contracts especially the old ones. White hat hack em using AI. Rewrite the code if necessary. Don't wait for another hack. And start delegating to Dreps that are technically sound like @ItsDave_ADA . He gave warnings. Some Dreps are just Cardano cheerleaders with not much of any technical awareness. Even if they abstain they may be unintentionally hurting Cardano. We need these people as valuable community leaders with a voice, but maybe not as a Drep. PS, governance is hard. Losing money combined with a perceived notion that Cardano contracts or wallet security is weak, IS NOT ACCEPTABLE. It is/was one of the few advantages we had over other chains.

BlockSec: Wanchain Cardano Bridge Reportedly Exploited, 515M NIGHT Drained BlockSec's Phalcon said Wanchain's Cardano bridge was reportedly exploited, with approximately 515 million NIGHT drained from the bridge treasury. Initial analysis suggests the issue may stem from non-injective signed-message encoding in the TreasuryCheck validator, potentially enabling signature reuse attacks. NIGHT is the native token of Midnight, a privacy-focused blockchain project incubated by Input Output (IO), the company behind Cardano. Following the incident, NIGHT fell more than 30% intraday to around $0.016, hitting a record low. Based on current prices, the drained tokens are worth roughly $9 million.