NEAR Intents Drained for $3.8M, Pledges Full Refunds
A flaw in NEAR Intents handed attackers $3.8 million, but the cross-chain protocol says it'll make every victim whole.
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Key takeaways
- Cross-chain trading platform NEAR Intents lost $3.8 million in a security exploit.
- A bug in deposit and withdrawal smart contracts across multiple networks enabled the attack.
- The project team announced it will fully reimburse all affected users.
Hackers just walked away with $3.8 million from NEAR Intents. The cross-chain trading protocol got hit through a bug sitting right in its multi-chain deposit and withdrawal system.
The protocol confirmed the breach after spotting a glitch in its cross-network transfer logic. That single flaw gave the attacker a green light to drain cash right mid-execution.
The team stepped in quickly to plug the hole. Their promise? Every single user drained in the attack gets a full refund.
Why it matters
Cross-chain tools make trading simple, but they double your attack surface. Run smart contracts across multiple blockchains at once, and one slip in the withdrawal logic leaves millions sitting out in the open. The silver lining? The team's footing the tab. The catch? Bridges and intent protocols are still the favorite ATM for hackers.
Source: CoinDesk
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Alex Rivera
Alex covers crypto markets and trading, testing every platform hands-on before writing about it.
