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NEAR Intents Experiences $3.8 Million Security Incident on BSC

NEAR Intents faced a security incident due to a bug in its infrastructure, resulting in a loss of $3.8 million. The vulnerability has been addressed, and efforts are underway to recover the funds.

NEAR Intents experienced a security incident linked to a bug in the Omni deposit and withdrawal infrastructure, which interacted with its smart contract. This vulnerability led to a preliminary loss of approximately $3.8 million. The team has since patched the contract-side vulnerability and pledged full compensation to affected parties.

In response to the incident, NEAR Intents has reported the matter to law enforcement and is actively working to trace and recover the lost funds. The incident occurred on the Binance Smart Chain (BSC), which may facilitate tracking the movement of the lost assets. The on-chain record will reflect any transactions related to the incident, although specific addresses have not been disclosed.

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NEAR Intents Experiences $3.8 Million Security Incident on BSC | PublicAML