Hoskinson Says Cardano and Midnight Were Unaffected by Binance Hack

Cardano founder Charles Hoskinson said Cardano (ADA) and Midnight (NIGHT) were unaffected by a recent hack involving Binance, crediting Cardano’s architecture and staking design for the outcome. He cited Cardano’s liquid, noncustodial staking model and the need for Layer 2 solutions built around its extended UTXO model. Hoskinson described these as deliberate design choices intended to address the blockchain industry’s evolving needs. ADA holders can delegate tokens to stake pools while retaining control and the ability to spend or transfer them without unstaking. The pools help produce blocks and secure Cardano’s network. Hoskinson also pointed to Cardano’s early focus on artificial intelligence as part of its design approach. He said the incident showed why networks should be built with security and resilience in mind.

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