WuBlockchain
NEAR Intents confirmed a security incident involving more than $3.8 million in irregular outflows from its BSC hot wallet. The team attributed the loss to a bug in the interaction between its Omni deposit and withdrawal infrastructure and its smart contracts. Onchain investigator ZachXBT flagged the outflows; the stolen assets were routed to KuCoin and bridged to Bitcoin.
Why it matters
The bug affected infrastructure connecting deposits and withdrawals to smart contracts, putting cross-chain operations at the center of the incident. NEAR Intents says it has patched the vulnerability and will fully compensate lost funds.
Market impact
The team said core services would resume within an hour of its announcement, while deposits and withdrawals across EVM and other supported chains, including BSC, Polygon and TON, would remain suspended for approximately 12 hours. Security partners and law enforcement are assisting with asset recovery.
Frequently asked questions
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What caused the NEAR Intents loss?
NEAR Intents attributed the loss to a bug in the interaction between its Omni deposit and withdrawal infrastructure and its smart contracts.
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How much was reported leaving the BSC hot wallet?
Onchain investigator ZachXBT flagged irregular outflows totaling more than $3.8 million.
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Where did the stolen assets go?
The assets were routed to KuCoin and bridged to Bitcoin.
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Will users be reimbursed for lost funds?
NEAR Intents pledged to fully compensate all lost funds and said it had patched the vulnerability.
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Which NEAR Intents services remain suspended?
Deposits and withdrawals across EVM and other supported chains, including BSC, Polygon and TON, were set to remain suspended for approximately 12 hours. The team said core services would resume within an hour of its announcement.
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