🏴 How NEAR Stopped Bitget’s Hackers

··5 min read
Crypto/Web3DeFiRegulation
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AI Summary

NEAR Intents blocked over $50M in stolen funds from Bitget hackers using its SHIELD intel layer, allowing only $166k to slip through, while THORChain declined to block and facilitated ~$6M ETH-to-BTC swaps. In other news, Bitwise announced the NEAR ETF NRR, Coinbase received CFTC approval for its own derivatives clearinghouse, and House Oversight expanded prediction-market insider trading probes.

Key Facts

✓NEAR Intents' SHIELD layer blocked ~$50M+ of Bitget hack funds, with only $166k slipping through.
✓THORChain declined to block the hackers and facilitated ~$6M ETH-to-BTC swaps, contrasting with NEAR's compliance approach.
✓Bitwise launched NRR, a NEAR ETF on NYSE Arca with staking rewards; Coinbase got CFTC approval for its own derivatives clearinghouse.

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