NEAR Intents $3.8M Incident Points to HOT Bridge Treasury…
By Abdelaziz Fathi
AI summary of the source article
NEAR Intents experienced a security incident involving over $3.8 million in suspected stolen funds, with on-chain investigator ZachXBT reporting irregular outflows from a BNB Smart Chain wallet. The affected address is officially identified as the HOT Bridge Treasury rather than NEAR Intents' principal EVM treasury. According to ZachXBT, the stolen assets were quickly moved to KuCoin and bridged into Bitcoin, while an incident status system indicated interruptions across multiple EVM chains. Public evidence has not yet confirmed whether the breach compromised NEAR Intents' core intent-settlement contracts, a BNB Chain locker, or shared multi-party computation validator infrastructure powering the HOT Bridge across multiple networks.
Why it matters
Determining whether the vulnerability was isolated or affected shared validator infrastructure is critical because NEAR Intents has processed over $30 billion across 35 chains. Additionally, deposits sent to KuCoin could present key opportunities for asset recovery and investigator attribution.
Key facts
- More than $3.8 million in suspected stolen funds flowed out of a BNB Smart Chain wallet identified as the HOT Bridge Treasury.
- Investigator ZachXBT reported that the assets were quickly transferred to KuCoin and bridged into Bitcoin.
- Public evidence has not yet established whether NEAR Intents' core contracts or HOT Bridge's multi-party computation validator infrastructure were breached.