Near Intents Loses $3.8M in Hack After Denying Bitget Link

Hack Details

Near Intents halted all cross-chain swap operations after discovering a vulnerability that allowed an attacker to withdraw approximately $3.8 million from the protocol. The exploit occurred shortly after the team had publicly denied any connection to a North Korea‑linked Bitget incident.

Company Response

In a statement posted to its official channels, Near Intents pledged to repay every user whose funds were taken in the breach. The team said it is working with security firms to trace the stolen assets and strengthen its smart‑contract audits.

Context of Prior Denial

Just days before the hack, Near Intents issued a denial regarding allegations that it had facilitated a Bitget hack tied to North Korean actors. The timing of the exploit has drawn scrutiny from analysts monitoring the protocol’s security posture.

Market Implications

While the incident directly affects Near Intents users, broader market reactions have been muted so far. Traders view the event as a short‑term negative for the Near ecosystem, with potential long‑term consequences depending on how quickly the team restores confidence and compensates victims.

Source: Decrypt