Chainalysis Traces $387M Bitget Hack to North Korea Using In-House AI

The movement of the funds triggered a dispute between cross-chain protocols over how to respond. According to BitKE, some of the stolen assets were routed through THORChain. Bitget chief executive Gracy Chen called on THORChain to block addresses tied to the attacker, but the protocol declined, arguing that selectively blocking transactions would undermine its permissionless design. THORChain developer Boone Wheeler said a genuinely permissionless protocol cannot act based on where funds originate, because doing so would render it permissioned. BitKE noted that THORChain had faced similar criticism after funds connected to the $1.2 billion ByBit hack passed through its network.

NEAR Intents responded differently. BitKE reported that its automated SHIELD security system flagged more than $50 million in attempted flows linked to the Bitget hack and blocked about $503,000 during execution, while roughly $166,000 passed through. NEAR said the system draws on onchain data and internal anti-money-laundering checks.

Community Bank Group Sues U.S. Regulator Over Crypto Trust Charters

The Independent Community Bankers of America has asked a federal court to overturn OCC rules that let crypto firms obtain national trust bank charters.