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NEAR Intents blocks $50M in stolen funds linked to Bitget hack, aiding crypto theft recovery efforts.

Market News
29 Sep 2026
Crypto news
View Source
Bearish
NEAR Intents blocks $50M in stolen funds linked to Bitget hack, aiding crypto theft recovery efforts.

NEAR Intents' SHIELD system blocked over $50 million in attempted cross-chain transfers tied to the $387.5 million Bitget hack, freezing about $503,000 during transactions. Despite some stolen funds passing through, the protocol prevented many illicit transfers and plans to return frozen assets via legal channels, foregoing Bitget's bounty. This contrasts with THORChain, which does not selectively freeze transactions, while stablecoin issuers Circle and Tether have blacklisted attacker-linked addresses. Bitget continues tracing and recovering stolen assets with help from security firms, aiming to restore full withdrawal services soon.

NEAR Protocol is trading at Rp84.267 on Pluang, down 9.60% as of Sep 29, 2026 13:02 WIB, with a market cap of Rp109.93 trillion and a 24-hour volume of Rp28.94 trillion. This price movement comes as NEAR Intents' SHIELD system actively blocked over $50 million in illicit transfers related to the Bitget hack, highlighting ongoing security challenges in the crypto space. Pluang users show a balanced order activity with 56% selling and 44% buying, holding their NEAR tokens for an average of 51 days.

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