ZachXBT: NEAR Intents exploited for $3.8M+, funds moved to KuCoin and bridged to Bitcoin
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On-chain investigator ZachXBT reported a $3.8M+ exploit tied to NEAR Intents, with proceeds routed to KuCoin and bridged into BTC, complicating attribution and recovery. The incident highlights smart-contract and intent-layer execution risk within NEAR's DeFi stack while details and an official post-mortem remain unavailable. Near-term effects typically include tighter liquidity, higher risk premia across related protocols, and increased scrutiny of cross-chain flows.
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On-chain investigator ZachXBT said the intents layer in the NEAR Protocol ecosystem, NEAR Intents, was exploited for more than $3.8 million. The stolen funds were transferred to the centralized exchange KuCoin and then bridged to the Bitcoin network, complicating tracking and recovery. The incident highlights potential risks in DeFi modules within the NEAR ecosystem, while details of the vulnerability and any official response have not been released.
