NEAR Intents Confirms $3.8 Million Loss Following Smart Contract Bug

NEAR Intents, a protocol focused on intent-based multichain execution and settlement, confirmed a security breach resulting in approximately $3.8 million in losses. The team identified the root cause as a bug within the interaction between the Omni deposit and withdrawal infrastructure and its smart contract.

The platform halted services on October 1, 2026, following the detection of the incident. In an update posted to X, the team stated that the vulnerability has been patched and that they intend to fully compensate all affected funds.

While NEAR Intents and near.com were expected to resume operations shortly after the fix, deposits and withdrawals across several networks will remain offline for approximately 12 hours. The affected chains include BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll, and Plasma.

The protocol assured users that assets held on these networks remain accessible. Once the platform is fully operational, users will be able to swap these assets into other supported tokens, including those held in the platform’s hot wallet or on near.com.

The incident has been reported to law enforcement, and the team is currently collaborating with security and blockchain analytics partners to trace the stolen funds. A comprehensive incident report is expected to be released in the coming days.