Near Protocol Breach: $3.8M Stolen After NK-Linked Hacker Denial
Near Intents Freezes Cross-Chain Swaps After $3.8M Drain
Near Intents has frozen its cross-chain swap functionality after a bug allowed an attacker to drain about $3.8 million, according to a roundup of top cryptocrime stories published by Cybercrime Magazine.
The incident centered on cross-chain swaps, a feature that lets users move assets between different blockchains. Near Intents halted the service to prevent further losses while the issue is addressed.
Near Intents said it plans to repay every affected user. No additional technical details about the bug or the attacker’s identity were provided in the information shared.
The event drew attention because it came days after Near Intents had denied links to a North Korea–associated hacker tied to a separate Bitget-related case referenced in the same news context. The available details do not establish a connection between the two incidents.
Cross-chain systems have become a recurring target in crypto security due to their complexity and the value they often hold in transit. Freezing swaps after an exploit is a common containment step, but it also highlights the operational risk that can arise when a single bug impacts multi-chain user flows.
