Payy’s cross-chain bridge was hacked for $1.8 million. Now it’s asking users to submit their seed phrases to receive compensation, and it’ll shut down once the 30-day window closes.
The market-wide Greed Index is at 57, USDC is holding steady at 1.0011, and $ETH is down 1.25%. Payy is asking users for their seed phrases to process claims—that’s utterly outrageous.
Projects involving privacy-focused payments can blow up without warning. If you hold any related assets, don’t stubbornly hold on. Keep enough cash on hand, and don’t rush to buy the dip, even if you’re only lightly invested.
This project is small, and it’s nowhere near trending across the market. All its buzz comes from the hack, so don’t jump on the bandwagon blindly.
Do you believe Payy will fully compensate users and plan to keep holding, or do you think privacy projects are too risky and will sell everything? Comment 1 if you’re bullish, 2 if you think it’s going to zero.
#Write2Earn #BinanceSquare #USDC $ETH #TradingTournament
The market-wide Greed Index is at 57, USDC is holding steady at 1.0011, and $ETH is down 1.25%. Payy is asking users for their seed phrases to process claims—that’s utterly outrageous.
Projects involving privacy-focused payments can blow up without warning. If you hold any related assets, don’t stubbornly hold on. Keep enough cash on hand, and don’t rush to buy the dip, even if you’re only lightly invested.
This project is small, and it’s nowhere near trending across the market. All its buzz comes from the hack, so don’t jump on the bandwagon blindly.
Do you believe Payy will fully compensate users and plan to keep holding, or do you think privacy projects are too risky and will sell everything? Comment 1 if you’re bullish, 2 if you think it’s going to zero.
#Write2Earn #BinanceSquare #USDC $ETH #TradingTournament