NEAR Intents Halts Services After $3.8 Million Exploit, Pledges Full Compensation
NEAR Intents halted services after an exploit drained NEAR Intents Halts Services, Reports $3.8 Million Loss.
from the protocol, according to The Defiant and The Block.
The team said it has patched the contract flaw responsible for the loss, but deposits and withdrawals across 11 networks remain disrupted while infrastructure repairs continue, The Block reported. The Defiant added that the suspension on those 11 networks would run longer than initially expected as the repair work proceeds.
NEAR Intents has pledged to fully compensate users affected by the exploit, according to both The Defiant and The Block.
CoinDesk placed the incident within a broader pattern, describing it as part of a rough year for hacks across the crypto industry.
Sources: The Defiant, The Block, CoinDesk
This article is for information only and is not financial advice.
What the market did
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