NEAR Intents Halts Service After $3.8M Drain from BSC Hot Wallet

A bug in the Omni deposit and withdrawal infrastructure of NEAR Intents has led to an estimated $3.8 million being drained from its BNB Smart Chain hot wallet.

The incident occurred on October 1, prompting NEAR Intents to halt service and pause deposits and withdrawals on several chains, including BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll, and Plasma.

The project has promised full compensation for the losses, but details of how this will be achieved are still unclear, which may affect user confidence.