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Exploits, hacks, scams, frozen funds, vulnerabilities.
CoinDesk reports Near Intents blocked over $50 million in attempted Bitget hacker swaps, while The Defiant reports NEAR Intents says it froze $503,000 in Bitget hack funds. The Defiant also reports Bitget says NEAR Intents waived its recovery-bounty share.
NEAR Intents stated that it blocked $50 million tied to Bitget hackers, saying it actively prevents stolen funds from being laundered. The protocol contrasted its approach with THORChain's stated position of not selectively censoring transactions.
A UC San Diego-led team impersonated a hardware security module without extracting its key, according to Decrypt. The report frames the RSA attack as relevant to crypto.
Bitget CEO Gracy Chen said an attacker tested risk controls with small transfers before draining $388 million, exploiting a third-party security vulnerability. Chen said she is 'not very optimistic' about recovering funds, with only a small percentage frozen or recovered.
A fake GIWA Layer 2 bridge was drained of 766 ETH after DYORSWAP mistook the network for the Upbit-backed project, according to The Defiant. Cointelegraph reports scammers stole $2M in ETH and that DYORSWAP paid over 200 ETH in compensation while Dunamu's GIWA warned its mainnet had not launched.
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The Block reports that Bitget has started a phased resumption of withdrawals following a $388 million exploit, saying the vulnerability was patched and losses will be covered by a user protection fund.
An onchain analyst, per The Block, links $18.4 million in Robinhood Chain memecoin extractions to a single rug-pull operation. The creators of 10 Pons V2 launches exempted wallets from an anti-sniping tax, and those wallets bought most of each token's supply.
CoinDesk reports THORChain rejected Bitget's request to block addresses tied to a $387.5 million theft, with funds swapped into bitcoin. The Defiant reports an address flagged by Bitget completed an XRP-to-bitcoin swap after the request.