NEAR Intents Blocks Over $50M in Bitget Hack Flows and Waives Recovery Bounty Share

Aurora co-founder Alex Shevchenko said attackers behind the September 24 Bitget hack attempted to move more than $50 million in stolen funds through NEAR Intents. Its SHIELD risk system detected the flows, with about $166,000 passing through and roughly $503,000 frozen mid-execution pending legal and recovery procedures. Shevchenko said about $387.5 million was stolen in total, with most cross-chain funds ultimately consolidated into ETH on Ethereum.

Bitget CEO Gracy Chen said NEAR Intents has waived its share of the recovery bounty to allow Bitget to recover more of the stolen funds. She added that public blockchains do not have to choose between openness and restricting known stolen funds, arguing that risk-detection mechanisms can be built in while keeping access permissionless. Bitget will proceed through the appropriate legal and asset-recovery process.