Bitget calls out DeFi protocols after $387.5 million hack, credits NEAR Intents

Bitget is still cleaning up after one of the largest exchange breaches of the year. The exchange now has a pointed message for parts of the DeFi world. In a post on X, Bitget argued that some DeFi protocols refuse to help recover stolen funds. NEAR Intents, a cross-chain protocol, was the notable exception. How the breach unfolded On September 24, 2026, attackers drained approximately $387.5 million from Bitget’s hot and warm wallets. The theft spanned several blockchain networks, including Ethereum, Tron and the XRP Ledger. The entry point was a zero-day vulnerability in third-party security software. That flaw let the attackers grab high-level credentials and issue fraudulent withdrawal commands. They then erased their digital footprints. CEO Gracy Chen said the exchange’s cold wallets and private keys stayed protected throughout the incident. Bitget suspended withdrawals after the breach and began gradually restoring them on September 28. The exchange told users their losses would be fully covered by its User Protection Fund, which was valued at over $464 million before the breach. NEAR Intents and the freeze math NEAR Intents reported that its SHIELD risk-intelligence system id...