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 caused by a protocol bug, committing to full reimbursement for all affected users.
- The team traced the unauthorized withdrawals to a bug in the Omni deposit and withdrawal infrastructure interaction with the NEAR Intents smart contract.
- Onchain investigator ZachXBT identified a BNB Chain address collecting 3.87 million USDT, with about 1.5 million USDT moved to CoW Protocol settlement.
- Operations across 11 networks, including Polygon and Avalanche, suspended deposits and withdrawals 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, with NEAR Intents promising fuller disclosure.
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41 Articles
NEAR Blocked $50 Million of Bitget's Stolen Money, Then Lost $3.8 Million of Its Own Two Days Later. Is NEAR Still Safe to Hold After a 182% Monthly Surge?
NEAR Protocol (CRYPTO:NEAR) has been in the spotlight recently, battling stolen funds and security issues. After blocking over $50 million linked to the Bitget hack, NEAR lost $3.8 million in the NEAR Intents exploit on October 1. Despite these challenges, NEAR gained an impressive 182% over the past month. But is it still a safe […]
NEAR Intents resumes service after $3.8M exploit, pledges full compensation
NEAR Intents has resumed service after a $3.8 million exploit affecting USDT on BSC, with co-founder Illia Polosukhin promising full compensation for affected users. NEAR co-founder Illia Polosukhin said on Oct. 1 that the team had restored NEAR Intents and…
NEAR Blocked $50 Million of Bitget’s Stolen Money, Then Lost $3.8 Million of Its Own Two Days Later. Is NEAR Still Safe to Hold After a 182% Monthly Surge?
The post NEAR Blocked $50 Million of Bitget’s Stolen Money, Then Lost $3.8 Million of Its Own Two Days Later. Is NEAR Still Safe to Hold After a 182% Monthly Surge? appeared first on 24/7 Wall St.. NEAR Protocol (CRYPTO:NEAR) has been in the spotlight recently, battling stolen funds and security…
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