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NEAR Protocol freezes $503K tied to $387.5M Bitget hack

  • NEAR Protocol says it froze funds tied to the Bitget hack.
  • $503,000 was frozen from the $387.5 million theft, while over $50 million in flows were stopped.
  • NEAR Protocol said the attempted laundering occurred through NEAR Intents.

NEAR Protocol said it froze $503,000 linked to the $387.5 million Bitget hack and stopped more than $50 million in attempted laundering flows through NEAR Intents. The protocol said permissionless access does not make the service neutral and stated that NEAR Intents is not a place for laundering stolen assets.

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