NEAR Intents pauses service after $3.8M exploit, days after blocking $50M tied to Bitget attackers
AI Market Summary
NEAR Intents, a NEAR-based crosschain swap protocol, suffered a ~$3.8M exploit and paused services, highlighting persistent smart-contract and crosschain bridge risk. While the team says the vulnerability is patched and users will be reimbursed, the incident can weigh on near-term confidence and activity across NEAR's DeFi stack, despite the protocol's recent high-profile recovery of stolen Bitget-linked funds.
Impact level
● Medium
Affected assets
NEAR/USDT-9.75%
AI Insight · NEAR/USDTAI Insight
▼ Bearish
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NEAR Intents, a crosschain swap protocol built on NEAR, suffered a security exploit on Thursday that resulted in losses of about $3.8 million. The service has been paused. A week earlier, the protocol publicly blocked up to $50 million in stolen funds linked to the Bitget attackers. The team said it has patched the flaw and will fully reimburse users.
