Crypto
Home›Crypto›Market Structure›NEAR Intents halts services after $3.8 million exploit
NEAR Intents halts services after $3.8 million exploit
The protocol said deposits and withdrawals on 11 networks were disrupted for longer while infrastructure repairs continue.
NEAR Intents has halted its services after suffering a $3.8 million exploit, The Block reports. The protocol said it patched the contract flaw behind the incident.
The Block also reported that, despite the patch, deposits and withdrawals remain disrupted across 11 networks. The protocol said the suspension would last longer as infrastructure repairs continue.
According to The Defiant, NEAR Intents pledged full compensation to users affected by the exploit. It reiterated that disruptions on the 11 networks would continue while repairs are carried out.