CoinTelegraph
On-chain investigator ZachXBT says NEAR Intents was exploited for more than $3.8 million. He says stolen funds were sent to KuCoin and bridged to Bitcoin.
Why it matters
The report raises a security concern for NEAR Intents and identifies where some of the stolen funds moved after the exploit. Those movements are central to tracking the assets.
Market impact
The $3.8M+ figure is the reported loss, not a measure of NEAR's price impact. ZachXBT's account does not establish a token-price move.
Frequently asked questions
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Who identified the reported NEAR Intents exploit?
On-chain investigator ZachXBT reported the exploit.
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How large is the reported loss?
ZachXBT puts the NEAR Intents exploit at more than $3.8 million.
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Where were the stolen funds sent?
ZachXBT says stolen funds were sent to KuCoin and bridged to Bitcoin.
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Why does the movement of funds matter?
The reported transfers identify part of the asset trail after the exploit, alongside the reported loss.
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Does the $3.8M+ figure describe a NEAR price move?
No. It is the reported exploit loss. ZachXBT's account does not establish a NEAR token-price move.
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