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Crypto DeFi

NEAR Intents Froze $503K of Bitget Hack Funds Mid-Trade

NEAR Intents said attackers tried to move more than $50 million through the platform and that it froze $503,000 mid-trade, defending the move days after THORChain refused Bitget’s request to cut off the hacker’s wallets. The protocol argued that permissionless “doesn’t mean neutral.”

Original source

AI take

The divergence between NEAR Intents and THORChain is the real story: two permissionless protocols reached opposite conclusions about the same request, which puts the 'neutrality' defense under pressure. For builders, the precedent matters more than the amount recovered — if freezing mid-trade becomes an accepted norm, the boundary between permissionless infrastructure and discretionary enforcement gets redrawn for everyone routing cross-chain flow. Whether that boundary holds, or gets contested by users and other protocols, is the open question.

Generated by AI for reference only.

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