$50 million in Bitget hacker swaps puts NEAR Intents’ ‘permissionless’ claim to the test
The swap service identified more than $50 million in attempted transfers, although most rejected funds subsequently moved through other providers.
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Summary
- NEAR Intents said it stopped about $503,000 linked to Bitget’s $388 million hack during cryptocurrency swaps, while about $166,000 passed through the service.
- The intervention contrasts with THORChain’s refusal to block attacker addresses and has fueled debate over whether NEAR Intents can accurately describe itself as permissionless.
- NEAR Intents said the restricted funds will remain on hold pending legal and recovery proceedings, but it did not explain who can authorize their release or how wrongly flagged users can recover their money.
