NEAR Intents Halted by $3.8M Exploit, Vows Full Compensation

NEAR Intents, a cross-chain swap protocol operating on the NEAR ecosystem, suspended its services on October 1 after detecting an exploit that resulted in losses of approximately $3.8 million. The team confirmed the incident through a post on X and stated that the affected funds will be fully reimbursed.

The attack exploited a flaw in the way the Omni deposit and withdrawal system interacted with the protocol's smart contract. The vulnerability was patched within hours, and both NEAR Intents and Near.com estimated they would resume normal operations in under an hour.

Deposits and withdrawals across 11 networks would remain blocked for approximately 12 additional hours while the fixes are completed. The protocol reported that it is already in contact with law enforcement agencies and blockchain analytics platforms to trace the assets.

The attack adds to a string of security incidents in the crypto industry throughout 2026. Just the previous week, the exchange Bitget suffered an exploit exceeding $350 million, while other notable cases included Liquid Network with $320 million, Drift with $295 million, and Kelp with $293 million, according to data from DefiLlama.