NEAR cross-chain system exploited for $3.8M, firm promises reimbursement

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A bug in the NEAR Intents cross-chain trading system was exploited, resulting in losses of $3.8 million. The platform facilitates deposits and withdrawals across multiple blockchain networks. The company behind the system has stated it will reimburse the affected users. This incident continues a trend of significant security breaches within the cryptocurrency sector this year.

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