NEAR Intents Halts Services After $3.8M Omni Infrastructure Exploit, Promises Full Compensation

NEAR Intents suspended its services on October 1 after detecting a security incident, the team announced on X. According to the project, the cause was a bug in how the Omni deposit and withdrawal infrastructure interacts with the NEAR Intents smart contract. A preliminary report puts the total loss at roughly $3.8 million, which the team says will be compensated in full.

The contract-side vulnerability has already been patched, and NEAR Intents and near.com are expected to resume operations within about an hour of the announcement. Deposits and withdrawals on several networks will stay unavailable for roughly another 12 hours while fixes to the Omni infrastructure are completed. The affected networks are BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma. Users who hold assets from these chains inside NEAR Intents, for example in a HOT wallet or on near.com, will be able to swap them into other assets once the service is back online.

The incident has been reported to law enforcement, and the team says it is working with security and blockchain analytics partners to trace the funds and pursue recovery. A detailed public report is expected in the coming days.

For users, the key points are that the issue stemmed from the interaction between the Omni infrastructure and the smart contract, that the contract flaw is reported as fixed, and that all figures remain preliminary until the full report is published.