Near Intents Suffers $3.8M Security Breach After Assisting Bitget

Near Intents, a cross-chain protocol, has suffered a security breach resulting in the loss of $3.8 million in user funds.

The incident occurred due to a bug in the Omni deposit and withdrawal infrastructure interaction with Near Intents' smart contract.

Near Intents reported that it would compensate users in full for the lost funds, and the 'contract-side vulnerability has been patched' to prevent similar attacks.

The protocol also assisted the Bitget exchange in blocking $50 million and freezing over $500,000 in funds tied to a recent security breach.