Near Intents Hacked for $3.8M Following Security Flaw
Written with artificial intelligence.
Near Intents has put a halt to its cross-chain swaps after a vulnerability allowed an attacker to siphon off approximately $3.8 million. The company has pledged to reimburse all affected users.
Incident Overview
Near Intents recently experienced a significant security breach, leading to the loss of about $3.8 million. This incident occurred just days after the company denied any connection to a hacker linked to North Korea who had previously targeted Bitget.
Immediate Actions Taken
In response to the hack, Near Intents has frozen its cross-chain swaps to prevent further losses. The company is actively working to address the vulnerability that allowed the attack to occur.
Commitment to Users
Despite the setback, Near Intents has assured its users that it will repay everyone affected by this breach. This commitment aims to restore user trust and confidence in their operations.
This incident highlights the ongoing challenges in securing decentralized platforms against sophisticated cyber threats.