NEAR freezes $503,000 linked to $387.5 million Bitget hack, blocking over $50 million laundering attempt

  • NEAR Protocol froze funds linked to the Bitget hack through NEAR Intents.
  • The frozen amount was $503,000, while more than $50 million in laundering was stopped.
  • The Bitget hack involved $387.5 million, amid mixed momentum across the crypto market.

NEAR Protocol said it froze $503,000 connected to the $387.5 million Bitget hack, preventing more than $50 million in attempted laundering through NEAR Intents (a platform for routing crypto transactions). The action, highlighted by @SolanaFloor, reflects NEAR Protocol’s response to blockchain security risks and its stated focus on protecting user assets. The broader crypto market is showing mixed signals, with different assets recording varying momentum. The development could strengthen confidence among users and investors, while positioning NEAR Protocol as an active participant in efforts to counter crypto crime.

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