NEAR Intents, a crypto swap platform, blocked about $503,000 and prevented attempts to move over $50 million in stolen funds from the recent $388 million Bitget hack. While most transfers were stopped by its SHIELD system, about $166,000 still passed through. This action contrasts with other platforms like THORChain, which refused to block hacker addresses, sparking debate on whether NEAR Intents can truly be considered permissionless. The frozen funds await legal and recovery processes, but details on authorization and fund recovery remain unclear. This incident highlights the tension between security measures and the principle of permissionless blockchain services.
The recent Bitget hack and NEAR Intents' response provide context for crypto market activity. For readers following cryptocurrency, here is Pluang's market snapshot as of Sep 29, 2026 13:41 WIB: of 50 major cryptocurrencies, 23 rose and 26 fell. Notable movers include CAKE at Rp46.859 with a 1-day change of -4.64%, UNI at Rp157.023 down 4.60%, and AAVE at Rp2.802.277 up 4.39%.
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