Near Intents Hacked for $3.8M Days After Denying North Korea-Linked Bitget Hacker

What happened

Near Intents froze its cross-chain swaps after a bug let an attacker drain about $3.8 million. The company promised to repay every user.

Confirmed

Global impact / market context

If Near Intents uses its own cash to repay users, that money cannot fund operations or growth. A full repayment may protect user trust, but the drained $3.8 million directly reduces cash available to the company.

Analyst inference

The hack followed Near Intents denying a link to a North Korea-connected Bitget hacker, so security concerns were already high. Forced repayments of about $3.8 million can reduce the cash available for daily operations.

Analyst inference

What to watch

1. Whether Near Intents repays every affected user about $3.8 million as it promised. Confirmed
2. Whether cross-chain swaps resume, since a continued freeze blocks users from moving crypto between networks. Analyst inference
3. Whether the denied North Korea-linked Bitget hacker claim draws more scrutiny to Near Intents security. Analyst inference

Evidence

• decrypt.co