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Crypto DeFi

NEAR Intents Says It Froze $503,000 in Bitget Hack Funds

NEAR Intents said it froze $503,000 in funds tied to the Bitget hack, with roughly $166,000 having already passed through its swap system. Bitget said NEAR Intents waived its share of the recovery bounty. The freeze marks a recovery step in the exchange breach.

Original source

AI take

The notable detail is the split between what was stopped and what had already moved through: roughly two-thirds of the traced funds never cleared the swap layer, while the rest did. That gap is the real story for anyone assessing how defensible intent-based infrastructure is during an active incident. Bitget's decision to forgo its bounty share also signals that cooperation between exchanges and protocol teams is being treated as reputational currency, not just a cost. Whether that norm holds as more of these traces play out is the open question.

Generated by AI for reference only.

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