NEAR Intents Protocol Blocks $50M Linked to Bitget Exchange Hack

Key Facts

1The NEAR Intents protocol announced it blocked $50 million in funds tied to the Bitget exchange hackers.

2The action aims to prevent the laundering of stolen funds through cross-chain protocols.

The NEAR Intents protocol announced it blocked $50 million in funds tied to the hackers who targeted the Bitget exchange. Cointelegraph reported that the action successfully prevented the attackers from moving or laundering the stolen assets through cross-chain mechanisms.

The measure aims to stop the laundering of stolen funds across different blockchain protocols, strengthening security within the DeFi ecosystem. This intervention highlights the protocol's active role in asset recovery and its policy against the illicit movement of digital assets.