Crypto
$387.5M Bitget Hack: NEAR Intents Blocks $50M in Stolen Crypto
A security breach at cryptocurrency trading platform Bitget resulted in the theft of $387.5 million, with hackers rapidly distributing stolen assets across multiple blockchain networks within hours of the initial compromise.
The incident occurred on September 24, and NEAR Intents reports its SHIELD security framework successfully prevented over $50 million in illicit fund transfers related to the breach.
An undisclosed zero-day vulnerability in external security software allowed the hacker to obtain administrator privileges before erasing attack evidence, making it challenging for Bitget to investigate.