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NEAR Defends Blocking Bitget Hack Funds, Says Permissionless 'Doesn't Mean Neutral'

On Tuesday, protocol NEAR Intents blocked more than $50 million in attempted transfers linked to the $387.5 million Bitget hack, with General Manager Alex Shevchenko confirming the SHIELD system intercepted the illicit flows.
Attackers exploited a third-party vulnerability on Thursday, September 24, 2026, to compromise Bitget wallet infrastructure; Bitget CEO Gracy Chen confirmed cold wallets and private keys remained secure.
Unlike THORChain, which maintains it cannot selectively censor transactions by design, NEAR Intents asserts it can reject activity before swaps complete. Shevchenko argued that permissionless systems should not facilitate laundering.
Forgoing the 5% bounty offered by Bitget, NEAR Intents will return the intercepted $503,000 through legal channels, while Circle and Tether blacklisted addresses, freezing approximately $318,000 in stablecoins.
Security firms Mandiant and SlowMist continue assisting Bitget with forensic investigations, with the exchange scheduling remaining token and peer-to-peer withdrawal services to return October 2, 2026.

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28 Articles

NEAR Defends Blocking Bitget Hack Funds, Says Permissionless 'Doesn't Mean Neutral'

NEAR Intents says attackers tried to move more than $50 million through it and it froze $503,000 mid-trade, days after THORChain refused Bitget's request to cut off the hacker's wallets.

14 hours ago

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Coin Desk

Reposted by

BizToc

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$50 million in Bitget hacker swaps puts NEAR Intents’ ‘permissionless’ claim to the test

The swap service identified more than $50 million in attempted transfers, although most rejected funds subsequently moved through other providers.

18 hours ago·New York, United States

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crypto.news

Center

NEAR Intents says it stopped $50M Bitget laundering bid

NEAR Intents says it blocked over $50 million in Bitget-linked transfers as THORChain defended its policy against selective freezes.

18 hours ago

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Cointelegraph

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The New York Ledger

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NEAR Intents Blocked $50M Tied to Bitget Hackers

NEAR Intents says it blocked more than $50 million in attempted transfers linked to the Bitget hack and froze $503,000 as it moved to prevent stolen funds from being laundered.

23 hours ago·New York, United States

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Criptoinforme

NEAR Intents Froze $503,000 Linked to Bitget's Hack

NEAR Intents blocked some $503,000 related to the September 24 attack on Bitget during the execution, while more than $50 million in hack-related transfer attempts were detected by their SHIELD risk system. The case opens a new front in the debate on how far protocols can go and [...] The NEAR Intents ticket froze $503,000 linked to Bitget's hack was first published in Cryptoreport.

4 hours ago

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