Midnight Foundation Reopens Glacier Drop Redemption Portal for Cardano Users

The Midnight Foundation has reopened the Glacier Drop redemption portal after completing a security review caused 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 9 at 17:00 UTC. This ended a temporary suspension introduced as a precautionary measure last month.

Security Review Confirms Glacier Drop Platform Remains Safe

The Foundation paused $NIGHT token redemptions last month after reports emerged that EMURGO’s SecondFi platform had suffered a security breach. During the attack, hackers stole 16 million ADA from 374 wallets, prompting the Foundation to temporarily close the Glacier Drop redemption portal while it investigated whether the incident posed any risk to Glacier Drop participants.

Following its assessment, the Foundation confirmed that the Glacier Drop redemption infrastructure remains secure and unaffected by the SecondFi exploit.

As a result, all $NIGHT tokens that completed their thawing process during the suspension are now immediately available for eligible users to redeem. The Foundation also stressed that the precautionary pause did not alter the Glacier Drop distribution schedule. This ensures participants remain on the original redemption timeline.

Glacier Drop Redemption Schedule Remains Unchanged

For context, the Foundation launched the Glacier Drop portal in August 2025 to distribute $NIGHT tokens through a phased redemption model. Under this mechanism, allocated $NIGHT tokens gradually thaw and become redeemable in four equal quarterly installments, with 25% unlocking during each phase.

The first redemption window ran from December 10, 2025, to March 9, 2026, followed by the second phase between March 10 and June 7, 2026.

The program has now entered its third thaw period, which began on June 8, 2026, and will continue until September 5, 2026. Meanwhile, the fourth and final redemption phase is scheduled to run from September 6 through December 4, 2026.

With the portal back online, eligible participants can once again redeem any $NIGHT tokens that have thawed according to the established Glacier Drop schedule.

Midnight Advises SecondFi Users to Follow Recovery Guidance

Although the Midnight Foundation has confirmed that its redemption infrastructure is secure, it advises users who have used a SecondFi wallet to follow the official guidance issued by the SecondFi team.

Meanwhile, SecondFi has unveiled a phased response plan designed to help affected users secure their assets and prepare for potential recovery. The strategy begins with Quarantine Mode, followed by a secure wallet export scheduled for next week. The final stage may include an asset recovery process, depending on the outcome of the ongoing investigation and recovery efforts.