NEAR
−12.1%
RUNE
+7.8%Near Intents blocks more than $50 million in Bitget hack transfers
Image: CointelegraphAttackers stole $387.5 million from Bitget and tried to move more than $50 million through Near Intents. The cross-chain protocol's SHIELD system detected the attempted transfers and blocked them, though about $166,000 passed through. Near Intents froze $503,000 during execution. It waived its bounty share, and Bitget CEO Gracy Chen thanked the team. Near Intents said frozen funds will be returned through legal channels.
Key points
- Attackers stole $387.5 million from Bitget and tried to move more than $50 million through Near Intents.
- Near Intents said its SHIELD system detected and blocked the attempted transfers.
- The protocol froze $503,000 during execution while about $166,000 passed through.
- Near Intents waived its bounty share from Bitget, leaving more funds for recovery.
- The blocking came as Bitget's CEO called on THORChain to block addresses linked to the attack.
Why it matters
Near Intents stopped most of the attempted transfers, but $166,000 passed through and the attackers moved on to other providers. Protocols remain split on whether to filter transactions linked to hacks.
What's unclear
The reports do not identify which other providers received the attempted transfers after Near Intents blocked them.
The frozen $503,000 has not been returned, Shevchenko said it will go through a legal process.
Price context · NEAR
At publication
$4.70
Now
$4.66
Change since
−0.85%
7 days · dashed line = publication
Sources · 2 publishers
Cointelegraph
Tier 1
NEAR Intents says it blocked $50M tied to Bitget hackers
Coverage timeline
- First reported by Bitcoin.com News
- Confirmed by Cointelegraph
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
