Midnight Basis has reopened its Glacier Drop redemption portal after finishing a safety evaluate prompted by an incident involving a subset of Cardano wallets related to SecondFi.
In a current replace, the Basis confirmed that Glacier Drop redemptions resumed on June ninth at 17:00 UTC. This ends a suspension launched final month as a precautionary measure.
Safety evaluate confirms Glacier Drop platform is safe
the inspiration has been suspended $NIGHT The token redemption occurred final month after reviews surfaced that EMURGO's SecondFi platform had suffered a safety breach. Throughout this assault, hackers stole 16 million ADA from 374 wallets, main the Basis to quickly shut the Glacier Drop redemption portal whereas it investigates whether or not this incident poses any threat to Glacier Drop members.
After analysis, the Basis has confirmed that the Glacier Drop redemption infrastructure is safe and never affected by the SecondFi exploit.
Because of this, every thing $NIGHT Tokens that full the unzipping course of throughout the pause are instantly accessible to eligible customers. The Basis additionally emphasised that the suspension of precautionary measures won’t change the Glacier Drop distribution schedule. This ensures that members stay on their unique redemption timeline.
Glacier Drop redemption schedule stays unchanged
For context, the Basis launched the Glacier Drop portal in August 2025 to distribute info. $NIGHT Tokens with a tiered redemption mannequin. Beneath this technique, $NIGHT Tokens will likely be regularly thawed out and redeemable in 4 quarterly installments, with 25% unlocked in every section.
The primary redemption interval was from December 10, 2025 to March 9, 2026, adopted by the second section from March 10, 2026 to June 7, 2026.
This system is presently in its third thaw interval, beginning on June 8, 2026 and persevering with till September 5, 2026. In the meantime, the fourth and closing redemption section is scheduled to run from September 6 to December 4, 2026.
As soon as the portal is again on-line, eligible members will have the ability to redeem any advantages once more. $NIGHT Tokens decompressed based on the established Glacier Drop schedule.
Midnight advises SecondFi customers to comply with restoration steering
Whereas Midnight Basis confirms that its redemption infrastructure is safe, it advises customers utilizing SecondFi wallets to comply with the official steering issued by the SecondFi staff.
In the meantime, SecondFi introduced a phased response plan designed to assist affected customers defend their property and put together for a doable restoration. The technique begins with quarantine mode, adopted by a safe pockets export scheduled for subsequent week. Relying on the result of the continuing investigation and restoration efforts, the ultimate stage might embody an asset restoration course of.
