EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Near's intent agreement was reportedly used after the BSC hot wallet incident, resulting in losses

2026-10-05 20:50:11
Bookmark

Near Intentions was reported to have been attacked by a BSC hot wallet vulnerability, resulting in losses of approximately US$3.865 million.

According to security alerts related to the Binance Intelligent Chain (BSC) hot wallet incident, Near Intentions was reportedly exploited and caused approximately US$3.865 million in losses. The report breach was flagged by chain security company PeckShield, but as of this writing, the Near Intention team has not yet independently confirmed it.


Reported content and unconfirmed details

Blockchain security monitoring platform PeckShieldAlert posted an alert to the incident on social media X, citing a reported $3.865 million loss related to hot wallets on the BNB smart chain. Hot wallets have long been a known attack surface for the decentralized finance (DeFi) protocol because they need to remain online to support daily operations.

Near Intentions is a cross-chain intention settlement layer built on top of the NEAR Protocol ecosystem. If this exploit is confirmed, it will be a major incident on the platform. However, as of the time of writing, Near Intentions has not released any official post-mortem analysis report or loss confirmation statement.

There is currently no conclusive evidence to verify the specific attack vector, identity of the wallet owner and whether the funds can be recovered. Vulnerability reports from a single security surveillance source are not equivalent to confirmed security incidents, and historically, data cited by on-chain surveillance agencies has often been corrected after initial reporting.


BSC hot wallet correlation analysis

The incident was reportedly linked to BSC hot wallets, which suggests that the incident may involve assets bridged or routed through the BNB smart chain side of the Near Intents cross-chain infrastructure. Cross-chain agreements face higher custody risks because they must maintain active and funded hot wallets on multiple networks simultaneously.

From a background perspective, NEAR-related security incidents have had a significant impact on the market; previously, during periods of market volatility, NEAR tokens had experienced a sharp increase of 10% due to security issues. The token's response to the report may depend largely on whether Near Intention issues a formal recognition.

This type of pattern is no stranger. Cross-chain hot wallets have been the entry point for many well-known DeFi vulnerability incidents. For example, Drift's exploit in April 2026 followed a similar trajectory: an initial security alert, reported loss amounts, followed by days of uncertainty until an official response and user compensation plan were introduced.


Follow-up Focus

The most pressing issue at the moment is whether Near Intentions will issue an official statement confirming or correcting the reported loss figure of US$3.865 million. In the first few hours after a security alert is issued, a large gap between reported losses and confirmed losses is common.

Market observers should also pay attention to whether affected hot wallets have been frozen, whether funds have been transferred to secondary addresses, and whether Near Intentions has suspended deposits and withdrawals as a precautionary measure. These operating signals usually appear before formal post-mortem analysis reports.

用户暴露程度及潜在的补救措施(包括受影响方是否会获得全额补偿)目前仍完全未知。Near Intents 能否迅速采取行动遏制损害,还是这将演变成另一场缓慢燃烧、侵蚀社区信任的事件,仍有待观察。

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP