NEAR Intents Identified $50 Million in Bitget Attack
The SHIELD system intercepted suspicious transfers linked to the massive crypto hack.
Updated on Sept. 28, 2026 in Cybersecurity
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Security researchers identified $50 million in attempted transfers associated with a recent $387.5 million attack on Bitget. The SHIELD risk-detection system successfully froze $503,000 in digital assets.
Why it matters
The incident highlights the ongoing challenges of securing decentralized finance platforms against sophisticated illicit transfers. These tools remain critical as hackers continue to exploit network vulnerabilities to move stolen funds.
The SHIELD system filtered duplicate transactions to block $503,000 in assets, though $166,000 successfully bypassed the security protocols. Stolen funds were subsequently converted into Ether on the Ethereum network.
The players
NEAR Intents
NEAR Intents is a decentralized technology provider focused on optimizing transaction routing and security infrastructure.
Bitget
Bitget is a major international cryptocurrency exchange platform that provides trading services to users globally.
SHIELD
SHIELD is a specialized risk-detection and security system designed to monitor and block unauthorized financial transactions on blockchain networks.
The details
The SHIELD system identified malicious activity by filtering for duplicate transactions during the execution phase. While the platform managed to restrict some movement, a portion of the funds was processed and moved to the Ethereum network.
Timeline
The Bitget attack took place on September 24, 2026.
The Tech Race
The Bitget security incident follows the pattern of major industry breaches like the 2022 Ronin Network bridge exploit. This highlights the ongoing arms race between automated detection systems and increasingly sophisticated cybercriminals attempting to exploit blockchain interoperability.
Users of cryptocurrency exchanges should remain vigilant and enable all available multi-factor authentication tools to protect their individual holdings. The event underscores the importance of choosing platforms that utilize advanced, real-time risk-detection systems.
The takeaway
Security systems are becoming faster at identifying fraudulent activity, but small amounts of capital still successfully evade detection during major attacks. Investors should prioritize platforms that implement automated, real-time transaction monitoring to better secure their digital assets.
Further reading
For more information on the current threat environment, visit the Cybersecurity section.
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