NEAR Intents Suffers $3.8 Million Exploit, Pauses Cross-Chain Deposits and Withdrawals

NEAR Intents suffers a $3.8 million exploit linked to its Omni deposit and withdrawal system, prompting temporary pauses

NEAR Intents suffered an exploit that caused approximately $3.8 million in losses after a bug was found in the interaction between its Omni deposit and withdrawal infrastructure and a NEAR Intents smart contract.

According to information shared by Coin Bureau on X, NEAR Intents said all affected funds would be fully compensated. The contract-side vulnerability has been patched, while deposits and withdrawals across 11 blockchain networks were temporarily suspended as the team worked to secure the affected infrastructure.

Omni Infrastructure Bug Triggers Exploit

NEAR Intents described the incident as a security exploit involving its Omni deposit and withdrawal system. The service connects transactions across multiple blockchains, allowing users and AI agents to specify transactions without having to manage the underlying cross-chain execution themselves.

The project said the contract vulnerability had been fixed and that NEAR Intents and near.com were expected to return within about one hour. However, deposits and withdrawals on BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma were expected to remain paused for about 12 more hours while additional work was carried out on the Omni infrastructure.

The incident affected the transaction infrastructure connecting Omni's deposit and withdrawal functions with the NEAR Intents smart contract. Available reporting has not indicated that the underlying NEAR Protocol blockchain itself was compromised.

NEAR Intents Promises Full Compensation

NEAR Intents said the affected funds would be compensated in full, although the initial announcement did not specify when reimbursement would be completed.

The platform also reported the incident to law enforcement and said it was working with security firms and blockchain analytics partners to trace the stolen assets and pursue recovery. A detailed public report was expected to follow after the preliminary investigation.

Blockchain investigator ZachXBT reported that abnormal outflows were observed from a NEAR Intents hot wallet on BSC. He said the stolen funds were transferred to KuCoin and subsequently bridged to Bitcoin.

Eleven Networks Face Temporary Restrictions

The temporary suspension covered 11 networks: BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma.

The restrictions were separate from the broader restoration of NEAR Intents and near.com. While the contract vulnerability had been patched, the project kept deposits and withdrawals paused while work continued on the Omni infrastructure.

The exploit comes shortly after NEAR Intents was involved in efforts to block funds associated with the Bitget security breach. NEAR Intents had previously reported stopping part of the suspicious flow through its infrastructure, but there has been no public evidence establishing a connection between that incident and the latest exploit.

For NEAR Intents, the immediate focus remains on completing the infrastructure repairs, tracing the missing funds and carrying out its commitment to fully compensate affected users.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.

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