The Bitget hack split the cross-chain market into two products

The $388 million drained from Bitget last week had to move before it could be spent, and cross-chain swap services are where stolen crypto moves. Two of them handled funds from the same theft in the same week and answered differently. NEAR Intents, a swap service that routes exchanges between blockchains through a network of solvers, blocked more than $50 million in attempted transfers linked to the theft, according to a report by general manager Alex Shevchenko. THORChain, the largest decentralized swap network, processed about $6.3 million in ether-to-bitcoin swaps from a wallet tied to the attack and declined Bitget’s request to block the addresses involved. One network screens its flow. The other promises it never will. A marketing claim meets live attacker money The screening system behind the block, SHIELD, froze about $503,000 mid-transaction, and roughly $166,000 passed through before detection caught up, Shevchenko wrote. The $50 million counts refused transfer attempts with duplicates removed, carries an error margin he put at about 10%, and measures volume the service turned away rather than money it holds. SHIELD works by screening quote flows against TRM Labs, AMLBot, ...