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NEAR Intents Pledges Full Compensation After a Bug Lets an Attacker Drain $3.8 Million

The cross-chain protocol says the contract-side flaw is patched, and blockchain data shows about 3.87 million USDT left a contract it uses on BNB Chain in about six hours.

Key points

  • NEAR Intents said a bug in Omni deposit and withdrawal infrastructure interacting with its smart contract caused a loss of about $3.8 million, to be fully compensated.
  • The team halted the protocol, fixed the contract-side flaw, and said 11 networks would lack deposits and withdrawals for roughly 12 more hours.
  • ZachXBT identified a BNB Chain address receiving the funds; NEAR Intents said it notified law enforcement and engaged security and blockchain analytics firms.

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