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Over $3.4 billion was lost globally to crypto scams and hacks in 2025 alone.
Stolen private keys, wallet drainers, and malicious approvals are bleeding the industry dry.
The core problem? Execution is fast, but fatal.
Enter Nail: The non-custodial firewall for Web3 capital 🧵
This has to end.
If we're going to onboard the world onto the blockchain, theft needs to be solved ASAP.
Today at 4:21 UTC Payy’s bridge contract on Ethereum was exploited and drained of its full balance.
Investigation is ongoing and we are following incident response guidelines.
While we investigate, all Payy Network transactions are paused including deposits, withdrawals, transfers and card transactions.
We will continue to communicate updates here.
Hot wallets and cold wallets alike have a singular fault point (once the keys are stolen, the funds are as good as gone).
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At 18:31 UTC on September 24, 2026, Bitget’s security systems identified unauthorized transfers involving a limited number of hot wallets.
Our security team immediately activated emergency response procedures and began a full investigation.
Based on our current assessment, approximately $351.6 million in assets were affected. Bitget’s cold wallets and the overwhelming majority of platform assets remain secure and unaffected.
Most importantly, user funds remain protected.
The incident falls within the coverage of Bitget’s User Protection Fund, which currently holds more than $464 million.
Customer account balances remain accurate, and deposits and trading continue to operate normally.
As a precaution, withdrawals have been temporarily suspended while our teams complete a comprehensive security review.
We have identified and flagged the relevant transfer addresses and have formally engaged law enforcement agencies and leading on-chain security partners.
We are working around the clock to restore withdrawal services as soon as it is safe to do so.
Bitget will provide further updates through our official channels.
We will not speculate on the attack vector while the investigation remains ongoing. Our focus is on protecting users, securing all systems, and delivering complete transparency throughout this process.
Nail acts as an active firewall sitting in front of your wallet.
• Inspects & reviews every contract your wallet interacts with in real-time.
• Automatically declines malicious requests, drainer payloads, and stealth approvals.
We know you have questions;
What if Nail goes offline?
What if I need to import my wallet into another device?
What if I need to execute multiple trades with high speed (trench)?
All these and more will be answered as the Nail Protocol unfolds.
Stay connected to the team building the infrastructure for truly secure self custody:
t.me/nailprotocol
If an attacker extracts your seed phrase or tricks you into signing a bad payload, your funds are gone in seconds.
We asked a simple question: What if stealing your private key wasn't enough to move your money?
Title: Stryker Confirms Cyberattack Contained, Restoration Underway
Source: Cybersecurity Dive, March 23, 2026, citing SEC 8-K filing and Palo Alto Networks Unit 42.🧵 1/4
The incident—attributed to Iran-linked threat group Handala—involved weaponization of Microsoft Intune to wipe data from thousands of devices, temporarily disrupting ordering, manufacturing, and shipping.