NEAR Intents Protocol Suffers $3.8 Million Exploit

The cross-chain protocol NEAR Intents, built on the NEAR ecosystem, was exploited for approximately $3.8 million in USDT on the BNB Chain due to a contract logic vulnerability. The incident did not affect the NEAR L1 mainnet or its native token security. The team has patched the vulnerability, suspended deposit and withdrawal functions across 11 chains, and committed to a 100% reimbursement for affected users. The price of $NEAR experienced a temporary decline following the news.