Bitcoin
NEAR Protocol
BNB
Polygon
Avalanche
NEAR Intents hit by $3.8 million exploit as crypto's rough year of hacks continues
In this news:
Key takeaways
- NEAR Intents was hit by a $3.8 million exploit involving irregular hot wallet withdrawals.
- Investigator ZachXBT reported funds were sent to KuCoin and bridged into Bitcoin.
- Deposits and withdrawals across multiple networks remain temporarily unavailable.
The incident adds to a rough year for crypto security. Just last week, exchange Bitget suffered an exploit that resulted in over $350 million in stolen assets. Other major incidents included Liquid Network at about $320 million, Drift at $295 million and Kelp at $293 million, according to DefiLlama data.
NEAR Intents said it reported the incident to law enforcement and is working with security and blockchain analytics firms to trace the funds.
Blockchain investigator ZachXBT said the exploit began with irregular withdrawals from a BNB Chain hot wallet linked to NEAR Intents. He said the stolen funds were then sent to crypto exchange KuCoin and bridged into bitcoin BTC$83,958.50.
The platform expected core services to resume quickly, but deposits and withdrawals on several networks were set to remain unavailable for longer while fixes were completed. Its status page showed issues affecting BNB Smart Chain, Polygon, TON, Optimism, Avalanche, Stellar, Monad, X Layer, ADI, Scroll and Plasma.
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