Bitget Hack: NEAR Protocol Freezes $503K in Stolen Funds
NEAR Protocol (NEAR)
Editor:
Eugene Serbin
Coinfomania.com reports that NEAR Protocol has frozen $503,000 from the $387.5 million Bitget hack. This action effectively blocked over $50 million in attempted laundering via the NEAR Intents platform. The freeze highlights NEAR’s commitment to maintaining a secure blockchain environment. @SolanaFloor highlighted the significance of these measures in the ongoing battle against crypto crime.
These steps underscore the protocol's proactive approach to safeguarding user assets. By stopping significant laundering attempts, NEAR positions itself as a leader in security. This development could enhance confidence among users and investors alike.
The broader market reflects mixed signals as assets experience varying momentum. NEAR’s actions respond to ongoing challenges in blockchain security. This commitment is crucial as the crypto landscape continues to evolve.
The protocol provides a scalable platform focusing on security and efficiency. Jurisdiction over these actions lies in upholding security standards. Rising incidents of hacks drive this need for robust measures. Traders are advised to monitor NEAR closely for further security updates.
How the market reacted
Whalio's own Binance spot order flow for NEAR, measured when this story was written up on 28 September 2026. Not the outlet's figures.
NEAR Protocol is trading at $5.39 with a spot volume of $209,530,185 in the last 24 hours. The 1-hour buy ratio stands at 56.1%, indicating immediate buying pressure, while the 4-hour ratio is 45.1%, showing a shift toward selling in the slightly longer term. Over the full day, the buy ratio averages 51.5%, suggesting a balanced but slightly bullish sentiment across the entire period. The 1-hour volume delta is positive at +$900,113, reflecting net buying in the short term. However, the 4-hour volume delta is negative at -$6,032,860, indicating net selling pressure over the four-hour window. The 24-hour volume delta is +$6,056,17, showing net buying over the day, despite a cumulative CVD of -$9,298,291. This divergence suggests that while large sell orders exist, they are being absorbed by steady buying activity. Net buying occurred in 6 out of 24 hours, indicating sporadic rather than continuous demand.
The latest daily buy ratio of 50.8% sits at the 68th percentile of the last 323 days, against a median of 49.7% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for NEAR, averaged over the days leading up to the story.
Over the preceding week, NEAR saw a price increase of 29.3% over 8 days. The 7-day average buy ratio was 51.1%, which is slightly higher than the current 24-hour ratio of 51.5% by just 0.3 points. Volume for the day was 0.70x the weekly average, indicating lower-than-usual trading activity. Net buying occurred in 5 of the 7 days, with a total volume delta of +$52,501,295 for the period. This day is ordinary in terms of sentiment but unusual in volume, as activity is 30% below the weekly norm.