Explainer 001 · 4 Oct 2026
Stolen funds need an exit
In the city
NEAR Intents says it blocked more than $50M of attempted transfers tied to the Bitget hack ($388M by Bitget's count). By its own account, those transfers then went to other providers. As NEAR Intents uses the word, blocked is not frozen.
Read the full piece on Instagram · X
Sources
- Bitget security incident page
- Cointelegraph, "NEAR Intents says it blocked $50M tied to Bitget hackers", Felix Ng, 29 Sep 2026
- MistTrack on X
- Bitquery Research, Bitget hack investigation
- CoinDesk, 28 Sep 2026
- BlockSec, "Bitget's $387M Hack: Laundering Path, Freezes and Attribution", 30 Sep 2026
- Cryptopolitan, Hannah Collymore, 29 Sep 2026
- CoinDesk, 29 Sep 2026