Midnight Foundation has reopened its Glacier Drop redemption portal after completing a security review prompted by an incident involving a subset of Cardano wallets connected to SecondFi.
In a recent update, the Foundation confirmed that Glacier Drop redemptions resumed on June 9th at 17:00 UTC. This ends a suspension introduced last month as a precautionary measure.
Security review confirms Glacier Drop platform is secure
the foundation has been suspended $NIGHT The token redemption took place last month after reports surfaced that EMURGO’s SecondFi platform had suffered a security breach. During this attack, hackers stole 16 million ADA from 374 wallets, leading the Foundation to temporarily close the Glacier Drop redemption portal while it investigates whether this incident poses any risk to Glacier Drop participants.
After evaluation, the Foundation has confirmed that the Glacier Drop redemption infrastructure is secure and not affected by the SecondFi exploit.
As a result, everything $NIGHT Tokens that complete the unzipping process during the pause are immediately available to eligible users. The Foundation also emphasized that the suspension of precautionary measures will not change the Glacier Drop distribution schedule. This ensures that participants remain on their original redemption timeline.
Glacier Drop redemption schedule remains unchanged
For context, the Foundation launched the Glacier Drop portal in August 2025 to distribute information. $NIGHT Tokens with a tiered redemption model. Under this system, $NIGHT Tokens will be gradually thawed out and redeemable in four quarterly installments, with 25% unlocked in each phase.
The first redemption period was from December 10, 2025 to March 9, 2026, followed by the second phase from March 10, 2026 to June 7, 2026.
The program is currently in its third thaw period, starting on June 8, 2026 and continuing until September 5, 2026. Meanwhile, the fourth and final redemption phase is scheduled to run from September 6 to December 4, 2026.
Once the portal is back online, eligible participants will be able to redeem any benefits again. $NIGHT Tokens decompressed according to the established Glacier Drop schedule.
Midnight advises SecondFi users to follow recovery guidance
While Midnight Foundation confirms that its redemption infrastructure is secure, it advises users using SecondFi wallets to follow the official guidance issued by the SecondFi team.
Meanwhile, SecondFi announced a phased response plan designed to help affected users protect their assets and prepare for a possible recovery. The strategy begins with quarantine mode, followed by a secure wallet export scheduled for next week. Depending on the outcome of the ongoing investigation and recovery efforts, the final stage may include an asset recovery process.
