The Midnight Basis has reopened the Glacier Drop redemption portal after finishing a safety assessment attributable to an incident involving a subset of Cardano wallets linked to SecondFi.
In a latest replace, the Basis confirmed that Glacier Drop redemptions resumed on June 9 at 17:00 UTC. This ended a brief suspension launched as a precautionary measure final month.
Safety Assessment Confirms Glacier Drop Platform Stays Protected
The Basis paused $NIGHT token redemptions final month after stories emerged that EMURGO’s SecondFi platform had suffered a safety breach. Through the assault, hackers stole 16 million ADA from 374 wallets, prompting the Basis to quickly shut the Glacier Drop redemption portal whereas it investigated whether or not the incident posed any threat to Glacier Drop members.
Following its evaluation, the Basis confirmed that the Glacier Drop redemption infrastructure stays safe and unaffected by the SecondFi exploit.
In consequence, all $NIGHT tokens that accomplished their thawing course of through the suspension are actually instantly obtainable for eligible customers to redeem. The Basis additionally pressured that the precautionary pause didn’t alter the Glacier Drop distribution schedule. This ensures members stay on the unique redemption timeline.
Glacier Drop Redemption Schedule Stays Unchanged
For context, the Basis launched the Glacier Drop portal in August 2025 to distribute $NIGHT tokens via a phased redemption mannequin. Below this mechanism, allotted $NIGHT tokens progressively thaw and change into redeemable in 4 equal quarterly installments, with 25% unlocking throughout every part.
The primary redemption window ran from December 10, 2025, to March 9, 2026, adopted by the second part between March 10 and June 7, 2026.
This system has now entered its third thaw interval, which started on June 8, 2026, and can proceed till September 5, 2026. In the meantime, the fourth and closing redemption part is scheduled to run from September 6 via December 4, 2026.
With the portal again on-line, eligible members can as soon as once more redeem any $NIGHT tokens which have thawed based on the established Glacier Drop schedule.
Midnight Advises SecondFi Customers to Observe Restoration Steering
Though the Midnight Basis has confirmed that its redemption infrastructure is safe, it advises customers who’ve used a SecondFi pockets to comply with the official steering issued by the SecondFi staff.
In the meantime, SecondFi has unveiled a phased response plan designed to assist affected customers safe their belongings and put together for potential restoration. The technique begins with Quarantine Mode, adopted by a safe pockets export scheduled for subsequent week. The ultimate stage could embody an asset restoration course of, relying on the result of the continuing investigation and restoration efforts.
