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NEAR Intents Bug Sends $3.8M Racing Across Crypto Networks

News.Bitcoin.com
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NEAR Intents Bug Sends $3.8M Racing Across Crypto Networks

NEAR Intents halted services after a bug involving its Omni deposit and withdrawal infrastructure led to an estimated $3.8 million loss. The team says every dollar will be compensated, but onchain investigator ZachXBT reported the stolen funds moved almost immediately, first toward Kucoin and then across the bridge into Bitcoin. Several networks remain temporarily cut […]

Key Takeaways

  1. NEAR Intents halted services after a bug involving its Omni deposit and withdrawal infrastructure led to an estimated $3.8 million loss.
  2. The team says every dollar will be compensated, but onchain investigator ZachXBT reported the stolen funds moved almost immediately, first toward Kucoin and then across the bridge into Bitcoin.
  3. Several networks remain temporarily cut […]
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Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.