NEAR Intents Blocks $50M From the Bitget Hack

A protocol that swaps assets between blockchains has stopped the outflow of stolen funds: NEAR Intents says it blocked more than $50 million in swap attempts attributed to the attack on crypto exchange Bitget. The team froze $503,000 mid-execution, and around $166,000 slipped through. For you as an investor this is not a price story but a question about your own custody: who can stop funds that belong to you, and what follows from that for your choice of exchange and wallet?

The figures come from an account by NEAR Intents reported by CoinDesk, among others, on 29 September 2026. The team itself describes them as estimates with a possible margin of ten percent, with duplicate attempts stripped out. That caveat belongs to the story, because sums in cases like this only become reliable once investigators have confirmed the addresses.

What NEAR Intents actually blocked in the Bitget case

NEAR Intents is a protocol on NEAR that lets assets be swapped across chains without the user opening an account at an exchange. Services of exactly that kind are attractive to someone who wants to move large sums out of a breach and break the trail in the process: swapping ether for bitcoin across two chains makes tracing far more laborious than a transfer within a single chain.