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NEAR Protocol Hit for $3.8M as Bug Exposes Cross-Chain Vulnerability

Guavy AI Editorial Team
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NEAR
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NEAR Protocol recently suffered an exploit that resulted in the theft of $3.8 million in assets.

The vulnerability was linked to a bug in its NEAR Intents infrastructure, which is used for cross-chain operations.

The team has since implemented a security patch and is working with partners to recover lost funds.

Deposits and withdrawals will remain suspended for 12 hours as the protocol focuses on asset recovery.

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