Near Intents Hacked for $3.8M Days After Denying North Korea-Linked Bitget Hacker

What happened

Decrypt News Coins Near Intents Hacked for $3.8M Days After Denying North Korea-Linked Bitget Hacker Near Intents froze its cross-chain swaps after a bug let an attacker drain about $3.8 million. The team says a bug in how its Omni deposit and withdrawal layer talks to the main smart contract (a program that runs on a blockchain and moves funds by its own rules)—the self-running code that holds user funds—opened the door.

Near Intents froze its cross-chain swaps after a bug let an attacker drain about $3.8 million. The company promised to repay every user.

In brief Near Intents paused service Thursday after a bug in its Omni deposit and withdrawal layer let an attacker take about $3.8 million. On-chain sleuth ZachXBT says the funds went to KuCoin and were bridged to bitcoin; Near Intents promises full compensation and has contacted law enforcement.

The NEAR token fell 6.7% to $4.96 following the exploit, two days after Near Intents denied service to a North Korea-linked hacker. Near Intents, a tool for swapping crypto across different blockchains, stopped service on Thursday after an attacker drained about $3.8 million from it.