$NEAR Intents Hit by Security Breach, Loses Over $3.8 Million

The $NEAR Intents platform has confirmed a security breach that resulted in losses exceeding $3.8 million. According to the team, the incident stemmed from an error in the interaction between the Omni deposit and withdrawal infrastructure and smart contracts.

The team stated that they are working with security partners and law enforcement to recover the stolen assets and will fully compensate users for all losses incurred as a result of the incident.

Deposits and withdrawals on EVM-based networks, including BNB Smart Chain, Polygon, and TON, have been suspended for approximately 12 hours due to the security vulnerability.