NEAR Intents Says Bug Drained $3.8M, Pledges Full Compensation

The disclosure lands as cross-chain intent systems face growing scrutiny over contract-level security, and the six-hour drain window suggests detection and response lag rather than a flash exploit. The pledge of full compensation shifts the immediate burden off affected users, but it also raises the question of whether the protocol absorbs the loss from its own reserves or passes it on elsewhere. Whether comparable contract-side flaws exist across other intent-based deployments, and how compensation is actually funded, are the details worth watching.