$3.8M Hack on NEAR Intents: A Crisis Managed with Transparency and Speed

NEAR Intents, a cross-chain asset trading infrastructure built on the NEAR protocol, suffered a $3.8 million hack targeting its transaction validation logic.

The exploit drained funds across multiple tokens and converted some through decentralized exchanges (DEXs) to obscure the trail.

The NEAR team detected the anomaly within 60 minutes, identified the vulnerability, and deployed a fix in under an hour, an exceptional turnaround for the industry.

Full reimbursement of affected users was guaranteed, with the protocol's treasury absorbing the loss. This commitment sends a powerful signal about prioritizing user security over financial interests.