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Front Page/Crypto/Near Intents blocks $50 million in Bitget hacker swaps, here's what.
Cryptovia CoinDesk
29 September 2026 at 06:23•3 min read
Near Intents blocks $50 million in Bitget hacker swaps, here's what.
Near Intents blocks $50 million in Bitget hacker swaps,.
High-resolution curated imagery via CoinDesk wire syndication.
Executive Takeaways • Key Intelligence
▪Strategic intelligence desk confirms key developments surrounding The swap service identified more than $50 million in attempt.
▪International stakeholders analyze: Crypto swap platform NEAR Intents calls itself permissionless, open and uncensor
▪Multilateral policy, financial liquidity, and regulatory frameworks face direct realignments.
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In an authoritative intelligence dispatch verified through CoinDesk, significant international developments have emerged regarding Near Intents blocks $50 million in Bitget hacker swaps, here's what happened. Observers across key diplomatic, corporate, and policy corridors are actively parsing the immediate impact, as corroborated by verified wire filings.
The swap service identified more than $50 million in attempted transfers, although most rejected funds subsequently moved through other providers. Crypto swap platform NEAR Intents calls itself permissionless, open and uncensorable. Yet it slammed the doors when stolen funds from Bitget tried to move through the protocol.
The attackers who siphoned off $388 million from Bitget exchange last week tried to move more than $50 million through NEAR Intents, a service that lets users exchange assets across different blockchains, according to a report by NEAR Intent’s general manager, Alex Shevchenko.
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The protocol’s “SHIELD” system blocked most transfers and froze $503,000 midway through the transaction, taking a different approach from THORChain, which has resisted the exchange’s request to block attacker addresses. About $166,000 passed through, while the restricted funds await a legal and recovery process, he said.
The larger figure represents attempted transfers rather than money recovered. Shevchenko said duplicate attempts had been removed from the tally and rejected funds subsequently went to other providers. The figures are estimates, however, and could differ from the actual amounts by up to roughly 10%.
“NEAR Intents routinely processes $100M+ of a crosschain trading volume in a day. Yet in this case, only a negligible fraction of the hacked funds were flowing through us,” he said. “The reason for this behaviour is SHIELD.
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It automatically detects deviations in flows, collects numerous inputs from KYT and intelligence providers, independent researches, companies and largest centralised players in the industry. Based on these signals the protocol can decide how to handle a transaction,” Shevchenko added.
In other words, permissionless and open doesn’t automatically mean a free ride for malicious actors and their money. The underlying catalysts behind these events trace back to evolving structural dynamics across the Crypto landscape.
Over recent quarters, multilateral authorities and market participants have navigated mounting volatility, heightening the urgency of coordinated responses and policy alignment. Senior analysts and industry stakeholders underscore that strategic transparency remains paramount.
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As institutional delegations evaluate risk models and operational contingencies, secondary dispatches indicate that further compliance directives and consultative reviews will be initiated in the coming cycle. Broader economic and regulatory ramifications are projected to ripple across interconnected regional ecosystems.
Market analysts note that supply chains, capital allocations, and policy frameworks must swiftly assimilate these verified updates to insulate against systemic bottlenecks.
The Global Post's editorial desk will continue rigorous monitoring of this developing story, with periodic updates provided as official statements and primary documentation are released by relevant governing bodies.
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