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      NEAR Intents Reports $3.8 Million Loss Due to Smart Contract Exploit

      NEAR Intents, a cross-chain protocol operating within the NEAR ecosystem, has reported a loss exceeding $3.8 million following an exploit of its hot wallet on the Binance Smart Chain (BSC). The incident was highlighted by on-chain investigator ZachXBT, who noted irregular outflows from the wallet that he characterized as an exploit rather than routine transactions.

      The reported losses come at a time when NEAR Intents typically handles over $100 million in daily cross-chain volume. While the loss is significant, it does not overshadow the protocol's usual throughput. However, the incident raises concerns regarding the security of the protocol's infrastructure, particularly its hot wallet management.

      In a related context, NEAR Intents had previously played a role in blocking over $50 million in illicit funds linked to a major breach at the cryptocurrency exchange Bitget. Despite this, there is currently no evidence connecting the recent hot wallet exploit to the Bitget attackers. As investigations continue, NEAR Intents may face scrutiny regarding the security of its operational funds and the potential impact on its users.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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