Bitget Recovery Hopes Dashed as Hackers Hit Roadblocks

Bitget CEO Gracy Chen has warned that recovering the stolen funds from the $388M breach is unlikely, citing the difficulty of tracing assets following the Bybit hack.

The hackers linked to the Bitget attack have encountered obstacles while attempting to move the stolen assets across chains, according to blockchain security platform MistTrack.

NEAR Intents blocked hacker-linked swaps tied to the Bitget breach, freezing about $503,000 while allowing $166,000 to pass through its infrastructure.