NEAR Intents Protocol Hit with $3.8M Security Breach

The NEAR Intents protocol has identified the individual behind a $3.8 million security breach and is giving them 48 hours to return the stolen funds.

The attacker withdrew around $3.865 million in USDT from the BNB Chain Vault through five major withdrawals within six hours, following two preliminary test transactions, according to on-chain research by Bitquery.

The funds were then moved via various cross-chain exchanges, including a Chainflip swap and THORChain exchange.