person

Alex Shevchenko

General manager of NEAR Intents.

Current clusters

invest1 publisher

Bitget's $388 million theft splits cross-chain swap networks over screening

NEAR Intents refused about $50 million tied to Bitget's $388 million theft, while THORChain swapped $6.3 million and declined to block the addresses. Money actually frozen so far, by NEAR mid-swap and by stablecoin issuers Circle and Tether, totals about $823,000, or 0.2% of the loss.

Publishers:cryptobriefing.com

Reality

Evidence40
Adoption30
Hype gap+35
Incentives70
Confidence40

invest1 publisher

Freezes by NEAR Intents, Circle and Tether catch about $821,000 of Bitget's $388 million

NEAR Intents, Circle and Tether have frozen about $821,000 tied to the $388 million Bitget hack, roughly 0.2% of the haul. THORChain is still processing the attackers' swaps, so refusals by other swap services have so far mostly changed which venue carries the money.

Publishers:cryptopolitan.com

Reality

Evidence45
Adoption: Insufficient
Hype gap+30
Incentives60
Confidence50