Recently, I have focused my research on the security and contract robustness of @MidnightNetwork , after all, the most fundamental bottom line of a public chain is asset security. The team has repeatedly emphasized in the technical weekly reports that the underlying system has undergone rigorous audits, and the white paper also mentions the use of a modular security architecture. However, through reviewing publicly available audit reports, tracking on-chain anomalous transactions, and comparing security incidents of similar projects, I found that the project's security transparency is severely lacking, and potential risks are deliberately downplayed. #night
I have noted that the Midnight core contract has only completed one third-party audit, and the report is over 8 months old. During this time, there have been multiple iterations and updates without supplementary audits; in the last 30 days, 11 anomalous contract calls have appeared on the chain. Although there has been no direct theft, there are clear signs of logical vulnerabilities. When I conducted small test transactions, I encountered 2 instances of signature anomalies and authorization timeouts, and over 30 people in the community have reported similar issues. In contrast, leading privacy public chains average at least one comprehensive audit every quarter, with security patch response times typically within 24 hours. $NIGHT
What is even more concerning is that the official side never proactively discloses anomalous situations, only giving vague responses when users inquire. In my view, safety is not achieved through promotion, but through transparency and continuous verification. Midnight currently has delayed audits, undisclosed anomalies, and slow vulnerability responses. It appears to be operating smoothly, but in reality, it hides risks beneath the surface. For public chains that emphasize institutional compliance, if security trust falters, all narratives will collapse instantly, which is a more fatal hidden danger than an inactive ecosystem. #BTC
