Midnight token NIGHT just survived a major hack — nearly 300 million tokens stolen, price plummeted 43%, hit an all-time low. But here’s the twist: it bounced back 19% in 24 hours. Charles Hoskinson says the focus on the crash missed the recovery — and that this exploit proves older bridge tech is dangerously outdated. He’s betting on zero-knowledge proof systems as the future, ditching trust-based models for cryptographic security. With AI now accelerating vulnerability discovery, Hoskinson warns the crypto industry can’t afford to delay upgrading its infrastructure — the cat-and-mouse game in digital security is far from over.
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