NEAR Intents Loses $3.8 Million in Exploit Linked to Bitget Breach

WHY IT MATTERS

When a crypto platform is "exploited," it means someone found a weakness in its code or systems and used it to steal funds — similar to a burglar finding an unlocked window. In this case, NEAR Intents lost $3.8 million. What makes this story unusual is that the exploit reportedly happened while the platform was helping another company, Bitget, deal with its own security problem. This illustrates a broader lesson in crypto: when different platforms and systems are connected or interact with each other, a problem in one place can sometimes create risks in another. For newcomers, this is a reminder that security in crypto is complex and that even well-intentioned actions, like helping another platform, can carry risks.