NEAR Intents Suffers $3.8 Million Exploit Days After Blocking Bitget Hacker
Crypto cross-chain swap service NEAR Intents has fallen victim to an exploit that drained approximately $3.8 million from user funds, just two days after it helped block a $50 million laundering attempt tied to the Bitget exchange breach.
The incident occurred due to a flaw in how NEAR Intents' Omni deposit and withdrawal infrastructure interacted with its smart contract, which has since been patched.
The platform pledged to reimburse affected users in full and reported the incident to law enforcement. The team is working with security and blockchain analytics partners to trace the stolen funds and pursue recovery.
The breach comes on the heels of NEAR Intents' involvement in the aftermath of the Bitget hack, which saw approximately $387.5 million drained from the exchange last week.