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Near Intents Slams Door on $50M in Bitget Hack Laundering Flows
After the Bitget hack, attackers tried to move more than $50 million through Near Intents. Its SHIELD security system detected the activity and stopped most transfers, with just $166,000 slipping through and $503,000 frozen mid-execution.
Published:
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What happened
After the Bitget hack, attackers tried to move more than $50 million through Near Intents. Its SHIELD security system detected the activity and stopped most transfers, with just $166,000 slipping through and $503,000 frozen mid-execution.
Confirmed
Global impact / market context
This shows that security systems on cross-chain bridges can block stolen money, which means the near-total recovery cuts off attackers' cash available and makes such platforms less attractive for laundering hacked funds.
Analyst inference
The crypto industry faces repeated exchange hacks, and this case may push Near Intents users and rivals to demand stronger protection tools like SHIELD, which could influence trust in the NEAR token and similar protocols.
Analyst inference
What to watch
- Near Intents will waive its recovery bounty, as stated by Aurora co-founder Alex Shevchenko, which removes a financial reward for helping recover the stolen funds. Confirmed
- Other cross-chain protocols may adopt similar security systems, which would raise costs and complexity but could reduce successful laundering attempts across the industry. Proposed
- If attackers shift to less protected bridges, regulators could push for stricter rules on cross-chain transfers, affecting how these services operate and how investors value related tokens. Analyst inference
Affected assets
- NEAR — NEAR Protocol