🚨 ALERT : NEAR Intents Hit by $3.8M Exploit, Pauses Deposits and Withdrawals Across 11 Blockchains $MOVR $ALICE
· What happened: NEAR Intents suffered a security exploit causing ~$3.8 million in losses, forcing it to pause services and disable deposits/withdrawals on 11 networks (including BSC, Polygon, Optimism, Avalanche, TON, and others).
· Root cause: A vulnerability in the Omni deposit/withdrawal infrastructure's interaction with the NEAR Intents smart contract. The NEAR Protocol blockchain itself was unaffected.
· Fund flow: Stolen funds moved from a BSC hot wallet to KuCoin and were bridged into Bitcoin, per investigator ZachXBT.
· Response: The vulnerability has been patched, full compensation promised, and law enforcement notified.
· Market impact: NEAR token fell ~6–8%, just two days after the Bitwise NEAR ETF launch.
· What happened: NEAR Intents suffered a security exploit causing ~$3.8 million in losses, forcing it to pause services and disable deposits/withdrawals on 11 networks (including BSC, Polygon, Optimism, Avalanche, TON, and others).
· Root cause: A vulnerability in the Omni deposit/withdrawal infrastructure's interaction with the NEAR Intents smart contract. The NEAR Protocol blockchain itself was unaffected.
· Fund flow: Stolen funds moved from a BSC hot wallet to KuCoin and were bridged into Bitcoin, per investigator ZachXBT.
· Response: The vulnerability has been patched, full compensation promised, and law enforcement notified.
· Market impact: NEAR token fell ~6–8%, just two days after the Bitwise NEAR ETF launch.
