NEAR Intents Infrastructure Bug Leads to $3.8M Loss
- A flaw in NEAR Intents’ Omni infrastructure resulted in a loss of approximately $3.8 million.
- The stolen funds were transferred to Kucoin and then bridged to Bitcoin.
- NEAR Intents has promised full compensation for affected users and is preparing a detailed report.
- Deposits and withdrawals on several chains, including Avalanche, remain suspended as repairs continue.
- The incident has been reported to law enforcement, with security partners tracing the funds.
A bug in NEAR Intents’ infrastructure allowed the theft of $3.8 million, which was quickly moved through Kucoin and into Bitcoin, prompting a cross-blockchain investigation by ZachXBT and law enforcement involvement.
Despite the vulnerability being patched, the missing funds highlight ongoing security challenges in crypto infrastructure, with NEAR Intents committing to user compensation and further transparency through an upcoming report. (Source)
