NEAR Intents Freezes $503,000 in Stolen Bitget Funds
Following the September 24 attack on Bitget, cross-chain trading protocol NEAR Intents reported that it intercepted and froze $503,000 in stolen assets during money laundering attempts. While hackers attempted to move over $50 million through the protocol, NEAR Intents' SHIELD risk control layer successfully blocked the majority of the funds, with only $166,000 successfully passing through. The protocol stated it will not assist in liquidating stolen assets and will waive any bounty rewards to help Bitget recover the funds. The frozen assets remain restricted pending legal and recovery procedures.
Summaries are written by AI from the original article. Not investment advice.