NEAR Intents Blocks $50M in Bitget Hacker Swap Attempts
A hacker tried washing over $50 million through NEAR Intents, putting the protocol's permissionless claims to a hard test.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- NEAR Intents identified and blocked over $50 million in swap attempts linked to the Bitget hack.
- The hacker redirected the rejected funds to alternative liquidity and swap providers.
- The intervention raises questions about censorship resistance in automated swap systems.
More than $50 million linked to the Bitget breach hit a brick wall at NEAR Intents. The hacker tried laundering the stash through the swap service, but the protocol flagged the transactions and shut down most of the transfers. It put the network's permissionless claims right on the line.
Funds Shift to Other Providers
A rejection didn't stop the thief for long. Once NEAR Intents slammed the door, the hacker pivoted immediately, pushing the capital through alternative cross-chain swap providers to get the money moving again.
Why it matters
In DeFi, "permissionless" means nobody can kill your trade. Full stop. But when protocols step in to freeze stolen loot, it exposes the clash between crypto's censorship-resistant dream and plain old legal pressure. Plain and simple: if a protocol can blacklist a hacker, it can blacklist anyone. Pay attention to how decentralization purists react. This shifts the playing field for intent-based setups across the market.
Source: CoinDesk
Top Crypto Casinos Right Now
🇩🇪 Showing sites that accept players from Germany Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: Phemex is a derivatives-first venue for Europe, Asia and Latin America. Good engine, mid-size liquidity, and a blocklist that grew in 2025.
- Online since
- 2019
- Licence
- Seychelles
- KYC
- Required
Restricted countries: United Arab Emirates, Afghanistan, Australia, Belgium, Bermuda, Belarus, Ontario (Canada), China and 18 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
Alex Rivera
Alex covers crypto markets and trading, testing every platform hands-on before writing about it.
