Near Intents blocks $50 million in Bitget hacker swaps, here's what happened
Why now
Thesis: Swap-level blocking alone fails to stop stolen crypto flows
Catalyst to watch: Follow-on tracing or exchange freezes of moved funds
Main risk: Most rejected funds already moved via other providers
Why it matters
Hackers still moved most rejected funds through other providers, showing swap-level blocking is porous and stolen crypto keeps circulating.
Details
The swap service identified more than $50 million in attempted transfers, although most rejected funds subsequently moved through other providers.
Related assets & topics
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- coindesk · 2026-09-29 06:23 UTC