NEAR Intents, a cross-chain protocol, says a security breach cost its users $3.8 million. Cointelegraph reported the incident on October 1, 2026. The article was written by Turner Wright and reviewed by Sam Bourgi.
The platform says the cause was a bug that affected deposits and withdrawals. It has said it will compensate the affected users. The available report does not say how or when it will pay them, or how many users were affected.
According to the headline, the exploit came after NEAR Intents assisted with a breach at Bitget. The available text does not describe that breach, what NEAR Intents did, or how much time passed between the two events. It also does not say whether the two incidents are connected.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the report shows no direct effect. It says nothing about funding rates, trading fees or liquidity on any of these exchanges. The known losses are NEAR Intents user funds, not exchange balances. Based on what has been reported so far, the cost of holding a perp has not changed.
Source: cointelegraph — NEAR Intents suffers $3.8M exploit after assistance with Bitget breach