Near Blocks $50M Hack on Bitget Exchange

Near Protocol has successfully blocked $50 million in hacker swaps on the Bitget exchange.

The hack, which occurred earlier this month, resulted in a significant loss for users of the platform. The attacker exploited a vulnerability to steal funds, but Near Protocol's security measures were able to mitigate the damage.

The $50 million blocked by Near Protocol represents a substantial portion of the stolen funds, and it is unclear at this time whether any additional amounts will be recovered.