š šCARDANO ALERT āā ļø Ledger Failure BLOCKS Million Dollar Airdropā
šļø NEWS ā”ļø Cardano users with Ledger wallets lost access to the Midnight Foundation Airdrop that distributed 120 MILLION $NIGHT Cryptocurrenciesāš±
ā” WHAT HAPPENED ā
šø TECHNICAL FAILURE Ā» Ledger implemented protocol CIP-8 that limits messages to only 31 bytes
šø PROBLEM Ā» Glacier Drop needs 251 bytes - IMPOSSIBLE to sign
šø IMPACT Ā» Thousands of holders missed out on the airdrop
š° NUMBERS THAT IMPRESS
ā„ 120 MILLION $NIGHT Cryptocurrencies distributed
ā„ 8 PARTICIPATING BLOCKCHAINS (
$ADA ,
$BTC , $ETH, $SOL,
$XRP , $BNB, $AVAX, $BAT)
ā„ Thousands of affected Ledger users
š„ BOMB STATEMENT FROM CHARLES HOSKINSON
"We flagged this problem in July, but [Ledger] did not give us a timeline for an update" š£
ā
SOLUTION IN DEVELOPMENT
GOOD NEWS ⤠Cardano is creating an alternative solution using null transaction with payload as metadata
DEADLINE ⤠Midnight Foundation expects to launch a fix in the coming weeks
ā ļø BEWARE OF SCAMS
"There are already fake sites and claims circulating. No one should transfer cryptos or share private keys"
šÆ LESSONS FOR TRADERS
ā„ Hardware wallets are not always perfect
ā„ Multiple wallets = more opportunities
ā„ Keeping up with updates is ESSENTIAL
ā„ FOMO can lead to scams
š MARKET IMPACT:
This case exposes critical vulnerabilities in crypto infrastructure. It may affect
ā„ Trust in hardware wallets
ā„ Participation in future airdrops
ā„ Adoption of the Cardano ecosystem
š Do you use Ledger? Were you affected by this problem?
ā ļø Channel
Leandro Fumao š£ļø Reminds Ā» This post is an informational analysis Ā» This is not financial advice Ā» Always do your own research before investing. šš§ā
#CardanoMagic #ADA/BNB #Ledger #AİRDROP #MidnightToken