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shield

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Article
Flash

first_img Avail launches the Hyperliquid privacy tool ShieldTX

According to The Block, the modular data availability layer Avail has announced the launch of the privacy perpetual contract trading platform ShieldTX, aimed at helping large traders cut off the public data chain and avoid being tracked by Order Tracking bots on Hyperliquid. ShieldTX is built on Avail's infrastructure, allowing users to deposit USDC from major EVM chains through Nexus and generate a brand new shielded wallet when opening a position, with orders directly routed to Hyperliquid's native order book.When users close their positions, funds will return to their shielded balance. Observers can see the deposits but cannot associate subsequent trading activities with the source wallet of the funds. Avail states that Order Tracking bots can replicate trades within seconds based on public data, and their subsequent trading volume can drive up prices, which is unfavorable for large orders. According to its analysis, ShieldTX can save 15 to 25 basis points per trade by breaking the public data chain, which significantly compounds savings for high-frequency large traders.ShieldTX also launched a wallet scanner that displays the public data relied upon by Order Tracking bots and reveals how trades are affected. Users can scan wallets to see who is copying their trades. In terms of underlying architecture, ShieldTX operates on a zkAppchain called Nightshade, where users deposit USDC into an Arbitrum settlement contract and receive equivalent receipts within Nightshade.However, currently, receipt management is handled by the sorter, which can see the receipt pre-images and user states; the positions on Hyperliquid remain publicly visible, and designated solvers are also aware of the position addresses they need to fund.

first_img NEAR Intents: Frozen $503,000 of stolen funds from Bitget

Cross-chain trading protocol NEAR Intents stated in a post on X that on September 24, Bitget was attacked, resulting in approximately $387.5 million in funds being stolen, most of which were aggregated into Ethereum and converted to ETH. The hacker attempted to transfer over $50 million through NEAR Intents, but ultimately only $166,000 was successfully transferred, while $503,000 was intercepted during the execution process.NEAR Intents indicated that the relevant data comes from on-chain tracking tools, Arkham, internal logs, and risk control layer SHIELD, among other sources. The figures listed are rounded estimates, with an assessment deviation of no more than 10%. SHIELD identified over $50 million in money laundering attempts and has filtered out duplicate flows, of which $166,000 has been successfully transferred, while another $503,000 was frozen midway through execution and remains restricted, pending legal and recovery procedures.NEAR Intents stated: permissionless does not equal neutral, the team refuses to assist in cashing out stolen assets and will forgo the bounty from this incident to allow Bitget to recover funds as much as possible. Bitget previously established a 5% + 5% bounty arrangement. NEAR Intents also mentioned that the protocol will remain permissionless but set boundaries, and will combat money laundering of stolen funds, while suggesting Bitget contact legal and law enforcement channels to handle the frozen funds.

first_img Bit2Me established Bit2Shield to assist law enforcement in tracking cryptocurrency assets

Spain's largest cryptocurrency exchange Bit2Me announced the establishment of an independent company Bit2Shield (registered name CryptoShield S.L) to assist courts, police, and financial institutions in tracking, seizing, storing, and selling cryptocurrency assets. This department will support investigators in extracting wallet data, locating cryptocurrency assets, and issuing digital signature forensic reports that can be used in court, while also being responsible for fraud investigations, source of funds verification, and providing training for police, judges, and banks.This move formalizes the work Bit2Me previously conducted for public institutions. In 2025, Bit2Me handled seized cryptocurrency assets worth 1.5 million euros (approximately 1.74 million dollars) for Interpol, Europol, and the Spanish police, using blockchain analysis company Chainalysis to track the assets. Bit2Shield will store seized assets in cold wallets that require multiple signatures and arrange for their sale when ordered by authorities, with proceeds transferred to government bank accounts in euros.Bit2Shield is part of Bit2Me's expansion from retail trading to banking and public institution infrastructure, with investors including Bankinter, Unicaja, Cecabank, Telefónica, and Tether. Since Bit2Shield focuses on investigations, forensics, and training, it is not considered a cryptocurrency service provider under the EU's Markets in Crypto-Assets Regulation (MiCA); any operations involving the exchange of cryptocurrency for euros will be handled by Bitcoinforme S.L., an entity authorized by the Spanish securities regulator MiCA under Bit2Me.
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