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Incidents No. 000202

Protocol's Hot Wallet Spontaneously Develops Wanderlust, Transfers $3.8M to KuCoin

The outflows came from the protocol's own BNB Chain hot wallet. The post tracks the money to KuCoin, then to Bitcoin.

By Cabal Desk

Illustration: Protocol's Hot Wallet Spontaneously Develops Wanderlust, Transfers $3.8M to KuCoin

PeckShieldAlert’s account on X says Near Intents “was exploited for $3.865M after its BSC hot wallet saw multiple irregular outflows”[1]. The wallet is the protocol’s own on BNB Chain, and the outflows came in more than one movement[1].

The same post says the exploiter “transferred the stolen funds to Kucoin and bridged them to BTC”[2]. The route runs from the wallet to an exchange, then to Bitcoin.

What to do: no approval is named for a holder to revoke; the money left Near Intents’ own hot wallet on BNB Chain[1].

Who gains, who loses

The $3.865M left Near Intents' own BNB Chain hot wallet Near Intents and anyone routing funds through its infrastructure lose; the exploiter holds the balance[1]
The proceeds reached KuCoin and then Bitcoin the loss leaves the protocol's chain and the trail continues on Bitcoin[2]

Receipts

[1]

Near Intents was exploited for $3.865M after its BSC hot wallet experienced multiple irregular outflows.

“#PeckShieldAlert #ZachXBT has reported that Near Intents was exploited for $3.865M after its BSC hot wallet saw multiple irregular outflows.”

x.com
[2]

The exploiter transferred the Near Intents funds to KuCoin and bridged them to Bitcoin.

“The exploiter has transferred the stolen funds to #Kucoin and bridged them to BTC.”

x.com

Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.