NEAR Defends Blocking Bitget Hack Funds, Says Permissionless ‘Doesn’t Mean Neutral’
After the September 24 Bitget hack, several cross-chain services and other protocols moved to block or freeze related transfers, while some attempted transfers still slipped through or landed on the wrong network. Bitget later reopened withdrawals, and its reported asset balance remained above $6.7 billion after the incident.
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Users moving assets across NEAR Intents and Chainflip are seeing more transfers stopped, frozen, or returned than before, and that changes what is immediately reachable through those routes. Bitget users also saw withdrawals reopen after the hack, while the exchange said it still held more than $6.7 billion in assets after the incident.
In practice, cross-chain swap routes are now being used with more active screening than before, and some flows linked to the hack have been blocked before completion. That does not change the fact that some funds still moved through the swap system and some transfers still landed on the wrong network or in the wrong channel.
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