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NEAR Intents Hit By $3.8M Exploit In Latest Crypto Platform Hack
The protocol said the contract flaw is fixed and that 11 networks will stay paused for about 12 more hours during repairs.
- On Thursday, NEAR Intents announced a $3.8 million loss from a security exploit and committed to full reimbursement for affected users across its cross-chain trading protocol.
- The team traced unauthorized withdrawals to a bug in the Omni deposit and withdrawal infrastructure interaction with the NEAR Intents smart contract, causing the loss.
- Onchain investigator ZachXBT identified a BNB Chain address that collected about 3.87 million USDT, with about 1.5 million USDT transferred to CoW Protocol settlement contract.
- Operations across 11 networks, including Polygon and Avalanche, were suspended for roughly 12 hours while the team repaired the compromised Omni infrastructure.
- General Manager Alex Shevchenko recently reported attackers attempted to push more than $50 million from the Bitget hack through the protocol days earlier.
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20 Articles
20 Articles
NEAR Intents Halts After $3.8M Exploit, Vows Full Compensation Amid Hack Wave
TL;DR NEAR Intents halted its services following an exploit that caused losses of approximately $3.8 million. The flaw originated in the interaction between the Omni deposit and withdrawal system and the protocol’s smart contract, a vulnerability that has already been patched. ZachXBT detected irregular outflows from a hot wallet on BNB Chain; the stolen funds ...
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Total News Sources20
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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