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72 Greed
Hacks & Security NEAR −6.8% BNB +0.9% BTC +2.2% USDT +0.0% Bearish

NEAR Intents identifies hacker, gives 48-hour deadline to return stolen funds

CryptoVideos brief
Built from 3 sources 1 min read
NEAR Intents identifies hacker, gives 48-hour deadline to return stolen funds Image: Cointelegraph
Image via Cointelegraph.

Cross-chain protocol NEAR Intents lost roughly $3.8 million in user funds, mostly USDT, in a Thursday exploit targeting its BNB Chain treasury contract. The breach stemmed from a bug in the Omni deposit and withdrawal infrastructure's interaction with the protocol's smart contracts. Services were paused immediately, and the contract flaw was patched within an hour of detection. The team identified the attacker, set a 48-hour window for fund returns, shared three return addresses for Bitcoin, BNB and Solana, pledged full compensation for affected users, and is working with law enforcement and blockchain analytics firms to trace the stolen assets.

Key points

  1. NEAR Intents lost approximately $3.8 million in user funds in a Thursday exploit.
  2. The breach stemmed from a bug in the Omni infrastructure's smart contract interaction.
  3. The protocol paused services and patched the contract flaw within an hour of detection.
  4. NEAR Intents set a 48-hour deadline for the attacker to return stolen funds via three shared addresses.
  5. The team pledged full user compensation and is collaborating with law enforcement to trace funds.

Why it matters

The incident highlights security risks for cross-chain protocol user funds. The NEAR token fell 6% to 10% after the exploit announcement, despite the underlying NEAR Protocol being unaffected.

Price context · NEAR

At publication
$4.93
Now
$4.94
Change since
+0.20%
7 days · dashed line = publication

Sources · 3 publishers

Cointelegraph Tier 1 First report
NEAR Intents says its identified the hacker, gives 48-hour ultimatum
The Defiant Tier 1
Shevchenko Gives NEAR Intents Attacker 48 Hours
Crypto Briefing Tier 2
NEAR Intents general manager gives attacker 48 hours to return funds

Coverage timeline

  1. First reported by Cointelegraph
  2. Confirmed by The Defiant
  3. CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error

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