NEAR Intents Pledges Full Compensation Following $3.8 Million Security Breach

NEAR Intents confirmed a security bug resulted in a loss of approximately $3.8 million from its cross-chain protocol, pledging to fully compensate affected users. The team identified the issue as a flaw in the Omni infrastructure's interaction with its smart contract and halted the protocol to perform repairs. While the protocol is expected to resume operations shortly, deposits and withdrawals across 11 networks, including BNB Chain, Polygon, TON, Optimism, and Avalanche, will remain suspended for approximately 12 hours. On-chain investigator ZachXBT and blockchain data linked the drained funds to a specific address that received USDT from a contract identified as the HOT Bridge treasury.