Research
Research reports
Long-form analysis with a stated method, cited sources and a revision history. Living documents: they are updated when the facts change.
Security · Report
Bitget Hack Explained: How $387.5M Was Stolen Without a Key
Bitget lost $387.5M on 24 Sep 2026 after forged withdrawal commands hit its wallet backend via a third-party zero-day. Timeline, laundering, attribution.
29 September 2026 · Santala Research · v1.0
Privacy · ReportZcash (ZEC) Rally Explained: Shielded Pool, NU7, ETF, Risks
ZEC rose from ~$50 to ~$1,480 in a year; 29% of supply is shielded. What drove the rally: Ironwood, the ZCSH ETF, the NU7 vote, and the EU 2027 ban risk.
18 September 2026 · Santala Research · v1.0
Bitcoin · ReportBIP-110 Fork: Why the Bitcoin Chain Split Failed (Live Status)
BIP-110 needed 55% miner signaling and got 2.53%; enforcing nodes split off at block 961,632 on 8 Aug 2026. Why it failed, risks and live chain status.
9 August 2026 · Santala Research · v1.0
Security · ReportColdcard Hack Explained: Entropy Flaw, Affected Models, Losses
A firmware 4.0.1 build flag cut Coldcard seed entropy to ~40 bits; at least 1,719 BTC (~$111M) was swept in Aug 2026. Models, losses and what to do.
8 August 2026 · Santala Research · v2.0